Isis Announces First Banking Partners, Now Ready To Take On Google Wallet

Isis is all set to compete head on with Google Wallet as they’ve just announced their initial banking partners.  The company has stated Capital One, Barclaycard and Chase are to be the first among many to jump on board.  The companies will be the first to allow their debit, credit and pre-paid cards to launch when the Isis Wallet application kicks off this summer.  Combined, the three companies hold 100 million card holders in the U.S. alone.   Isis is serious about the mobile payment game as they gear up to take on Google Wallet.  Using the up and coming NFC technology, Isis has secured some big partnerships which include companies such as Visa, MasterCard, American Express and Discover Card along with some big hardware gurus like Samsung, Sony, Motorola, LG and HTC.  Isis CEO, Michael Abbott, offered the following:

Today’s announcement is testament to the vision and commitment of Chase, Capital One and Barclaycard to make mobile commerce a real and positive experience for their customers,” and “Mobile commerce is more than a new way to pay; it’s about extending the relationships consumers enjoy with their banks and merchants into a powerful and convenient new form factor.”

Does the company have what it takes to compete with Google Wallet?  We’ll soon see.  The screen shot above is the first to be released by the company and looks to be fairly streamlined.  Here’s to seeing how the service compares especially since Google Wallet isn’t really activated on many devices by carrier choice.  Feel free to let us know what you think of the competing service in the comments below.

source: GIGAOM