One mobile wallet takes a hit while another moves forward.
Isis Wallet lost the participation of credit card issuer Capital One. The issuer confirmed in an email that its cards are no longer available on the Isis Wallet. The company "will continue to work with Isis to evaluate options for a continued presence in the Isis Mobile Wallet," says company spokesman Chris O'Neill.
Isis is currently in pilot mode in Salt Lake City and Austin, Texas, only. The wallet is a venture among Verizon Wireless, AT&T and T-Mobile. Chase and American Express are the other two card issuers participating with Isis. Last month, Chase said a suite of its cards will be supported by Isis when it rolls out nationally later this year.
All this while Google Wallet forges ahead. The search engine giant announced that it is releasing a new version of its Google Wallet app to all Android phones version 2.3 and higher.
The app doesn't require smartphones to have near-field communication, or NFC, chips to be installed. Those without NFC chips won't be able to make payments at point-of-sale, but can take advantage of the mobile wallet's other features, such as sending funds by email, storing loyalty cards and tracking your purchases.
Will you be downloading the new Google Wallet app? Are you interested in a mobile wallet?
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