Details for ISIS Mobile Wallet Launch

ISIS-mobile-wallet-launch-rfid-blogISIS mobile wallet is a mobile payment solution created by Verizon, AT&T, and T-Mobile. It is planned to be launched on Oct. 22nd in its first test markets, including Salt Lake City, UT, and Austin, TX.

Similar to Google Wallet, ISIS aims to turn your smartphone into a virtual wallet where you can store your credit cards, loyalty cards, and find special offers.

Here are some details concerning ISIS. You’ll likely see soon when the service hit the market.

■Virtual Cards: ISIS will hold virtual versions of credit cards, an ISIS cash card (pre-paid card), store loyalty cards, and a section for special offers and promotions.

■Bonus Cash: When you first activate ISIS, there will be a $10 bonus card for you to use. By updating the ISIS cash card to “reloadable” status, you can get additional cash of $15.

■Security: If your phone is lost or stolen, you can call Verizon to stop ISIS on your phone.

■Merchants: ISIS will be available at merchant locations that use Visa payWave, MasterCard PayPass, Discover Zip, American Express, and Google Wallet.

■NFC-SIM Cards: It is said that Verizon will use new NFC-SIM cards on their ISIS approved devices, which likely creates an additional level of security.

■Supporting Devices: Droid Incredible 4G LTE is the official “ISIS ready” device. Additional devices will be made available sooner. However, not all NFC-enabled phones can support ISIS. If you live in a trial market and purchase an Incredible 4G LTE on or after Oct. 22nd (launch day), it will be activated with a new NFC-SIM card. If you already own an Incredible 4G LTE and live in a test market, you will be able to obtain an NFC-SIIM card to replace your current SIM.

■Others: From Oct. 22nd to Nov. 20th, you can buy an Incredible 4G LTE and receive a $50 Visa pre-paid card. To get the card, you also have to activate ISIS and submit a rebate form.

Yet ISIS and their partners have not released details for a nationwide rollout.