Wells Fargo is to allow customers to load their credit cards on to the telco-backed Isis
mobile wallet in the first phase of a pilot test of the technology, which enables consumers to use their handsets to pay, redeem coupons and present loyalty credentials at the point-of-sale.
Wells Fargo joins JPMorgan Chase and American Express in lending its support to the nationwide launch of Isis, the mobile commerce joint venture created by AT&T Mobility, T-Mobile USA, and Verizon Wireless.
First Data Corporation will serve as Wells Fargo’s Trusted Service Manager to deliver card information onto the mobile device.
Peter Ho, manager of digital payments for Wells Fargo’s Consumer Financial Services group, says: “Our customers lead mobile lives and their ability to pay for things should reflect that fact. During this pilot phase with Isis, we will test and learn with customers who want to be on the leading edge of this technology.”
Customers with one of the more than 50 Isis Ready smartphones available from AT&T, T-Mobile or Verizon Wireless can receive an NFC SIM card from their wireless carrier and download the Isis Mobile Wallet for free from Google Play.
Purchases made using the wallet are protected by Wells Fargo’s Zero Liability programme in the event that the card is lost, stolen or used without authorisation. Cardholders can also remotely freeze the Isis Mobile Wallet with a single call to their mobile carrier.