Isis Mobile Wallet Launch Delayed — Again!

MyBankTracker

By , Staff Writer
Posted on Fri Sep 14, 2012, Last Updated on Fri Sep 14, 2012

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Isis, the near field communications-enabled mobile wallet backed by a troika of mobile carriers, told Reuters on Thursday that it will be delaying the launch of its product — again! The joint effort by AT&T, Verizon and T-Mobile had last indicated the app would be out by the end of the summer — which, technically speaking, is about a week from now — but now we will have to wait until October for the next launch date to be announced.

Reuters notes, as others have, that the announcement came shortly after Apple debuted the iPhone 5, which did not have NFC capabilities. No amount of Apple fanboy rumormongering could will the chip into existence, apparently. The reason this is significant is because Isis depends on NFC. That’s a big part of its pitch: you tap to pay.

Just a handful of mobiles currently on the market are NFC-enabled, and without support for NFC in a market leader like the iPhone 5, it looks like NFC adoption could be a slower process than Isis might like.

 

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