Isis Mobile Wallet, the service backed by AT&T, T-Mobile US, and Verizon has announced new launch partners and it's long awaited trial launch date. New financial partners Chase, CapitalOne, and Barclaycard join Visa, MasterCard, Discover and American Express for the trials in Austin, Texas and Salt Lake City, Utah which are expected to begin sometime in mid-2012. Isis isn't sharing much past that, as they say the nationwide rollout will follow the trial with no further details.
Isis partners will allow users to program both credit and debit cards into the mobile system, which gives it another leg up on Google Wallet. Add in the fact that Isis has carrier backing and pre-approval, and chances are that this will be the mobile NFC-based payment system we'll see on our devices when and if it catches on, at least in the US. That doesn't mean Google Wallet will disappear, but being available and being relevant are two different animals.
This doesn't mean that Isis is inherently bad, though. It may turn out to be an excellent product, and I'm excited to give it a try. We have to remember that Google Wallet isn't open and lovable, it is a for-profit venture from Google, much like Isis is a for-profit venture for its backers. When it comes to finances, few things are open and best for the consumer. The best product will be defined by the users and that's the one that will win out.
The full press release follows the break.