Isis and MCX Announce New Brands as Apple's Planned Mobile-Payments Service Looms

The telco-owned joint venture behind the Isis Wallet announced a new name for the wallet, while the merchant-led MCX consortium finally released its consumer-facing brand and a timeframe for a planned rollout, as the U.S. mobile-payments landscape heats up.

Both joint ventures made announcements Wednesday, less than a week before Apple is expected to announce its bold move into mobile payments with the unveiling of its next iPhone. Apple’s m-payments platform is expected to use NFC technology and support established payments brands.

Both JVL Ventures, formed by three of the top four U.S. mobile carriers, and MCX, the JV made up of some of the largest retail chains in the U.S. including Wal-Mart Stores, Target and Best Buy, are promoting their new or revamped brands amid growing anticipation of Apple’s expected move into mobile payments at the physical point of sale. 

Words:

2,500

Graphics:

Table­: Technology, payment brands and other details for four major current or planned mobile wallets in the U.S.–Softcard (Isis), CurrentC (MCX), Apple and Google Wallet

Among Topics Covered:

  • Details of new brands from JVL Ventures, formerly known as Isis, and MCX as the unveiling of mobile-payments by Apple looms
  • Reaction of Isis Facebook users to rebranding
  • Changes JVL Ventures will make over the next few weeks
  • National rollout plan by merchant group MCX for its CurrentC wallet and app functionality
  • How the QR Code-based CurrentC mobile-commerce platform will work
  • Merchant-based payment instruments are central to MCX’s wallet plans
  • Barclaycard US’ bPay pilot could offer a glimpse of what the MCX service and technology will look like
  • Plans for differentiation by MCX member merchants
  • Likely architecture for an NFC-enabled iPhone-based mobile payments service
  • Possible impact of Apple launch on merchant acceptance of contactless in the U.S.
  • The question of tag-reading support in the new iPhone.

Among companies and organizations mentioned:

JVL Ventures (Isis)
MCX
Apple   
Wal-Mart
Target
American Express
Visa
MasterCard Worldwide
China UnionPay
Barclaycard US
Paydiant 

This is premium content from NFC Times. 

Read Full Article 

© NFC Times and Forthwrite Media. NFC Times content is for individual use and cannot be copied or distributed without the express permission of the publisher.

HEADLINE NEWS

In-Depth: Five Years After Transport for London Launched Contactless Across Its Transit Network, UK Open-Loop Rollout Remains Uneven

Aug 15 2019

NFC TIMES Exclusive Insight – Five years ago next month, Transport for London introduced open-loop contactless payments across its transit network, including metro, trams and commuter rail, following an earlier launch on buses. The service now accounts for more than half of all pay-as-you-go journeys and has become a global showcase for the technology.

Apple Again Promises to Push Transit Ticketing as It Seeks Broader Adoption of Apple Pay

NFC TIMES Exclusive Insight – While noting to financial analysts late Tuesday that Apple Pay is now approaching 1 billion transactions per month globally and is in 47 markets, perhaps Apple CEO Tim Cook’s most significant comments about Apple Pay this week was to again emphasize that Apple wants to enable users to routinely tap to pay for bus, subway and other transit rides with their iPhones and Apple Watches. 

Chinese Mega Wallets Continue to Expand QR Code-based Transit Ticketing, while Major Agencies in West Stay with NFC

NFC TIMES Exclusive Insight ­– China’s mega-mobile wallet providers have continued their rollouts of transit payments in China, with Tencent Holdings announcing Tuesday that two years after launching its first QR-code-based WeChat “Ride Code” service in Guangzhou, total users for its transit payments services has reached 100 million.

Sydney Transit Authority Gives Users of Contactless Bank Cards Nearly All Discounts They Get with Closed-Loop Opal Cards

Jul 29 2019

NFC TIMES Exclusive Insight – Transport for New South Wales, Australia, the authority that oversees transit in and around Sydney, has taken a step toward phasing out its closed-loop contactless Opal fare card, today extending nearly all of the discounts it offers on Opal to users of open-loop Visa- Mastercard- and American Express-branded contactless cards.

In-Depth: 2020 Could Mark Landmark Year for Contactless Payments in U.S.

NFC TIMES Exclusive Insight– October will mark the fifth anniversary of the launch of Apple Pay in the U.S., Apple’s first country for its groundbreaking NFC payments service. 

Filings Point to Plans for Global Expansion of Apple Card and Apple Cash

NFC TIMES Exclusive Insight – Following Apple’s imminent entry into the credit card business in the U.S. with its planned Apple Card, the tech giant is showing signs it is looking to roll out the branded credit card in a number of other countries, as well.

Analysis: It's Likely Too Little, Too Late for LG Pay

Jul 25 2019

NFC TIMES Exclusive Insight – It was the fall of 2015, and interest in the Pays wallets was burgeoning. Google and Samsung had each launched their respective payments services in September of 2015 in the U.S., following introduction of Apple Pay a year earlier.

Apple Pay to Finally Support Octopus Card in Hong Kong, as Competition Grows in Market

NFC TIMES Exclusive Insight –  Apple Pay will offer support for Hong Kong’s popular closed-loop contactless transit and retail payments card Octopus later this year, adding a much-needed service to an Apple Wallet that launched three years ago in Hong Kong for credit and debit payments at retail.

Visa Promotes QR Codes in Contactless Hot Spot Taiwan, Hoping to Capture Merchants That Refuse to Accept Cards

NFC TIMES Exclusive Insight – While Visa’s country office in Taiwan was touting the fact that Taiwan ranks as one of the top countries in Asia Pacific for acceptance and use of contactless payments only six months ago, that hasn’t stopped the big payments network from actively promoting QR code payments on the island nation, too.

In-Depth: As Mifare Alternative Cipurse Nears 10th Anniversary, Major Rollouts Prove Elusive So Far

Jul 12 2019

NFC TIMES Exclusive – The mid-tier city of Vinnytsia in the Ukraine is rolling out its first transit smart cards for payment of fares on buses and trams this summer, replacing cash, which riders have used for years.

Lax Security Blamed for Hack of 7-Eleven’s Mobile Payments Service in Japan

NFC TIMES Exclusive Insight – Japan’s popular 7-Eleven convenience store chain reported Thursday a major hack of its QR code-based mobile-payments app, but the breach appears to be due to poorly designed security protections in the app. 

In-Depth: More Nordic Banks Support Payments on Passive Wearables with Provisioning after Sale

NFC TIMES Exclusive Insight – Two more large Nordic banks, Nordea and Swedbank, have launched contactless payments on analog watches, using technology from Swedish provisioning company Fidesmo that enables consumers to buy the watches and provision them with tokenized Mastercard-branded cards after the sale by tapping the watches on Android NFC phones.