SmartMoney Blogs

Real-Time Advice
Our real-time advice on how market shifts and news impact you and your money

Banks Bet on Phone-y Money

Consumers may soon be able to leave their wallets at home — in a few cities, anyway.

Isis, a mobile-wallet venture from AT&T, Verizon and T-Mobile, announced today that Chase, Capital One and Barclaycard customers will be able to link their cards to the new technology when it launches this summer. Like competitor Google Wallet, Isis promises users the ability to pay for purchases by tapping their phone against a sensor at the register, and also transmits loyalty card information and coupons. (See mobile wallet technology in action.) Visa and Vodafone also announced a partnership Monday to create their own mobile wallet.

Despite their promise, digital wallets have been slow to take off. Only a few handsets contain the technology to store card information and process transactions, bank partners have been limited, and relatively few merchants have kiosks that accept tap-to-pay transactions. The involvement of Chase, the nation’s biggest bank, is promising because it brings to the table a large number of cardholders and merchants, says Dennis Moroney, a research director at Tower Group. Six handset manufacturers — HTC, LG, Motorola, Research in Motion, Samsung and Sony Ericsson — promise capable phones by this summer, says Jim Stapleton, chief sales officer for Isis.

Widespread adoption is still a few years out, however. “You still have to jump through a couple of hoops here,” says Mark Beccue, an analyst at ABI Research. It’s unclear whether the new handsets will be ones consumers will be interested in, and mobile wallet technology is still so new that it is unlikely people will buy a phone just to try it, he says. Google offers just one handset, the Nexus S, for Google Wallet. Plus, Isis’s test launch is limited to Salt Lake City and Austin, Texas. Stapleton says that soft launch could last up to a year before the network readies for a nationwide rollout.

Banks and wireless carriers may also have some convincing to do on the technology’s security and privacyEarlier this month, security experts found a flaw in Google Wallet that enabled thieves to access funds on prepaid cards linked to the app. But Beccue says the risks are minimal due to precautions in both the phone and software. “They’re more secure than anything we’re doing right now,” he says. “A phone has a lot more protection than a plastic card, and it’s certainly more secure than cash.”


We welcome thoughtful comments from readers. Please comply with our guidelines. Our blogs do not require the use of your real name.

Comments (1 of 1)

View all Comments »
    • By WebOsPublisher

      Apps under access lock database Icons ,free icon set,icon collection,(512×512,256×256,128×128,48×48,32×32,24×24,16×16)
      access lock database Icons – Get it
      access lock database

      Icons by Category
      Icons Home
      Folder icons
      Transport icons
      Social media icons
      Toolbar icons
      Computer icons
      Android icons
      Iphone icons
      Art icons
      Food drinks icons
      Medical icons
      Animal icons
      System icons
      Business icons
      Application icons
      Object icons
      Tv movie icons
      Sport icons
      Game icons
      Culture icons
      Web icons
      Holidays icons

      Results For "access lock database"
      Best "access lock database"
      Database Access Denied Icon
      Pixelbox Icons
      Database Lock Icon
      Web Mini Icons
      Doc Access Icon
      Led Icon Set
      Access Icon
      Yuuyake Icons
      MS Access MDB Icon
      Senary System Icons
      Access Icon
      Colorabo Icons
      Access Icon
      Yamilk Icon Set
      Access Icon
      Office Round Icons
      Access Icon
      Razz Dock Icons
      Access Denied Icon
      Pixelbox Icons
      Access Denied 2 Icon
      Pixelbox Icons
      Access Denied Icon
      Marmalade Icons
      Document Access Icon
      Fugue 16px Icons
      Easy Access Icon
      Spherical Icon Set
      File Access Icon
      Yuuyake Icons
      Easy of Access Icon
      Junior Icons
      Office Access Icon
      Delta Icons
      MS Access ACCDB Icon
      Senary System Icons
      Apps Access Icon
      Crystal Clear Icons
      Apps Access Icon
      Oxygen Icons
      Apps Access Icon
      Crystal Project Icons
      Keychain Access Icon
      Mac Icons
      Office Access Icon
      48px Icons Collection
      Microsoft Access Icon
      Mega Pack Icons 1
      Microsoft Access Icon
      Office 2007 Icons
      Color MS Access Icon
      Office Dock Icons
      Whack MS Access Icon
      Office Dock Icons
      Microsoft Access Icon
      170 Dock Icons
      Device Access Icon
      Html5 Icons
      Control Panel Access Icon
      FatCow Hosting Icons
      Email Access Denied Icon
      Pixelbox Icons
      Monitor Access Denied Icon
      Pixelbox Icons
      Document Access Denied Icon
      Pixelbox Icons
      Save Access Denied Icon
      Pixelbox Icons
      Folder Access Denied Icon
      Pixelbox Icons
      Application Access Denied Icon
      Pixelbox Icons
      Profile Access Denied Icon
      Pixelbox Icons
      Printer Access Denied Icon
      Pixelbox Icons
      Phone Access Denied Icon
      Pixelbox Icons
      User Access Denied Icon
      Pixelbox Icons
      access lock database
      access lock database –
      access lock –
      lock access –
      access control lock –
      access lock enables –
      access lock file –
      access lock table –
      access database –
      asp access database –
      database access –
      fix access database –
      ms access database –
      uses access database – access database –
      your access database –

      White Style 04 Pointer Icon
      Paraguay Icon
      Firefox Icon
      Folder 2 Videos Icon
      Folder Icon
      Folder Closed Delete 4 Icon
      Lock Small Locked Icon
      Wallpapers Folder Icon
      mac app access lock database
      android app access lock database
      access lock database windows
      access lock database ipad iphone

      Privacy Policy – Terms $ Conditions
      Submit Software –
      Lisisoft Channel
      App-Finder Iphone Ipad
      Android Apps
      Mac Software
      Windows Download
      All downloads
      Books iPad iPhone
      Wallpapers for Mobiles
      Socialize with Us

      Copyright © 2012-
      Generated page in 1.126 seconds

About Real-Time Advice

  • How breaking news — in the markets, Washington, and around the world — affects you and your money. Have a question about how current events may change your financial future? Email us at