The Isis joint venture expects to have about three payment issuers when it launches NFC service in two U.S. cities next year, with JPMorgan Chase and Capital One among the likely banks, NFC Times has learned.
The “soft launch” of Isis in Salt Lake City, Utah, and Austin, Texas, will involve fewer than 1 million NFC phones, but plans call for a national rollout in early 2013, when many more NFC phones would be available running the Isis mobile-wallet services, said Doug Kilgour, senior business development executive.
He said Isis expected more issuers to join after the national launch gets rolling, and there could be merchant private-label cards, among other applications, in the wallet after the wider rollout begins. It's important to give consumers a choice of payment issuers, among other applications, said Kilgour.