NFC and ISIS News Impacts Mobile Payments

Yesterday's news informed us of moves by MasterCards and Visa to circumvent the need for mobile carrier security in mobile payments.

http://www.digitaltransactions.net/news/story/4530

This is a major blow, and some would argue the final nail in the coffin, for ISIS.  The carrier solution to mobile payments now has no reason for being, essentially.

This take on the subject questions the viability of ISIS following the move by the major credit companies:

http://www.mobilecommercedaily.com/mobile-payments-smackdown-did-google-wallet-just-outplay-isis

Here is a snippet from that piece:

The Host Card Emulation feature in Android KitKat for driving near-field communications mobile payments just got a big boost in the form of support from MasterCard and Visa, which could spell trouble for Isis.

One last article speaks of the new forms of payment now opening up because of this move:

http://www.realcleartechnology.com/articles/2014/02/20/coming_soon_a_new_way_to_pay_with_your_phone_989.html

Happy reading,

J.W. Gant