What's in Isis' mobile wallet? Not Capital One

09/18/2013 | MobileCommerceDaily.com

The Isis mobile-wallet consortium backed by three major U.S. carriers suffered a blow with the withdrawal of one of the initial partners, Capital One, as the industry begins to move away from solutions based on near-field communication technology. The move comes as PayPal and Apple introduce new and improved non-NFC mobile payment options while looking to provide other services. "Capital One dropping its support for Isis is significant in what it telegraphs about the problems issuers will continue to face with the wallet provider," Yankee Group analyst Jordan McKee said.

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