I don’t see this taking off anytime soon. Just ask Google, I mean people loose cell phones all the time and let’s be honest a PIN number on a cell phone is no safer than leaving your keys in your front door. Ill take plastic please!
Originally posted on Gigaom:
The mobile carrier payment platform Isis launched Monday in Austin, Texas and Salt Lake City, Utah; and it works pretty much as advertised. After a lousy initial experience with the service when my phone wasn’t supported and I couldn’t even find merchants who knew about the program or accepted Isis, I scored a review phone from Isis and Verizon so I could purchase my coffees and gas with nary a wallet.
Right now a scant 11 phones are supporting the Isis program, which requires a special SIM card in the phone and an NFC chip. To activate the service, a user must go into the store to get an Isis SIM card and must also download the Isis app. It’s pretty painless. After selecting a PIN you have an option of choosing to link a credit card or use a pre-paid option that you top up using a credit card. As a bonus, Isis starts you off with $10 in cash and if you fill the pre-paid cash card with more cash, you get another $15. But if you don’t make a charge using the pre-paid card every nine months you’ll get hit with a $2 monthly account maintenance fee.
Basically, that’s $25 for you if you try out the service. And if you visit one of the special Pay & Save merchants you might get even more. For example, Jamba Juice is part of the Pay & Save program, which means it will send special offers to your app and that whenever you pay with Isis you are also exchanging your loyalty card info. No more digging for those lousy punch cards!