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 onto Isis-ready SIM cards. The platform, which is scheduled to launch by 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.