Isis Sets Up Service Provider TSM, as It Seeks to Bring in More Issuers
AUSTIN, Texas – The Isis joint venture will offer a TSM service to banks, which Isis says would enable the issuers to avoid hiring their own trusted service managers to download and manage their applications for the Isis Wallet.
The platform will offer a service provider aggregation service, which Isis hopes will encourage more payment card issuers to join its NFC-enabled wallet by making it simpler and less expensive for them to provision their applications on Isis-ready SIM cards. The platform, which is scheduled to launch next month, will be connected to Isis’ secure element TSM and will run out of the same data center, near Dallas, Texas.
The service, which France-based Gemalto will operate for Isis, appears mainly to be targeted at smaller U.S. banks and credit unions, which do not want to pay for their own TSM service or do not need the extra control that a dedicated SP-TSM provides.
It remains to be seen whether banks have concerns about using an Isis-controlled TSM to personalize their payment applications.
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Among Topics Covered:
- Service provider TSM aggregation service set up by Isis
- TSM vendor operating service for Isis
- Likely target for Isis TSM aggregation service
- Industry push behind TSM aggregators and hubs to cut cost and complexity of provisioning payment applications on NFC SIMs.
- Organizations launching TSM aggregators and hubs globally
- Precedent in Canada for telco joint venture offering SP-TSM service
Among companies and organizations mentioned:
Isis
Gemalto
AT&T
Verizon
Isis
AT&T
American Express
JPMorgan Chase
Wells Fargo
Oberthur Technologies
Trevica
EnStream
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