Menu
Banking Exchange Magazine Logo
Menu

Softcard arises from Isis Wallet

Mobile platform rebrand prompted by coincidental similarity to terrorist group

Softcard arises from Isis Wallet http://news.paywithisis.com/

Isis Wallet, the mobile commerce platform created by AT&T Mobility, T-Mobile USA, and Verizon Wireless, announced it will change its name to Softcard.

In a blog post on the firm's current website, Michael Abbott, CEO, said the name change is meant to avoid confusion and association “with a violent Islamic militant group in the Middle East whose name, when translated into English, is known by the acronym ISIS. However coincidental, we have no desire to share a name with this group and our hearts go out to those affected by this violence.”

He says the new name derives from the company’s founding vision to use mobile phones to help consumers find a safe way to shop, pay, and save, while maintaining a visual identity that has “the power, flexibility, and simplicity to define our category.”

Existing Isis Wallets will continue to function normally. In “the next few weeks” the company will launch an updated Softcard app, at which point users will simply update their devices.

Tagged under Payments, Security,

John Ginovsky

John Ginovsky is a contributing editor of Banking Exchange and editor of the publication’s Tech Exchange e-newsletter. For more than two decades he’s written about the commercial banking industry, specializing in its technological side and how it relates to the actual business of banking. In addition to his weekly blogs—"Making Sense of It All"—he contributes fresh, original stories to each Tech Exchange issue based on personal interviews or exclusive contributed pieces. He previously was senior editor for Community Banker magazine (which merged into ABA Banking Journal) and for ABA Banking Journal and was managing editor and staff reporter for ABA’s Bankers News. Email him at [email protected]

back to top

Sections

About Us

Connect With Us

Resources

Webinar: From KYC to IDV

How three leading banks are utilizing cutting-edge
digital tools to onboard, win, and wow customers

Time/Date: June 23, 2021 11:00 a.m. ET

Digital adoption, already moving at warp speed, accelerated seven years into the future during the COVID-19 pandemic. As the number of bank branches continues to fall, with at least one study predicting all branches will disappear by 2034 (Fox Business) and foot traffic declining (Vox), today’s most innovative banks are charting a new, digital-first path to win over customers while increasing security, meeting KYC compliance requirements, and winning customers to drive revenue.

In this webinar, you’ll hear from John Baird, Founder & CEO of Vouched, Tyler Crawford, COO of Bankers Healthcare Group, Anand Sathiyamurthy, CPO of Flagstar Bank and Daniel Sheehan, Chairman & CEO of Professional Bank as they describe their vision for digital transformation and how customer expectations are changing to digital first. They’ll also explore how fostering an innovation mindset creates new ways to tackle complex KYC problems and allows them to quickly compete in new markets and win customers.

REGISTER NOW!

This webinar is brought to you by:
Vouched Logo