NEW YORK CITY -- Isis said payment terminal manufacturers and software providers are helping pave the way for its mobile wallet by integrating its SmartTap capabilities into their offerings. The mobile payment service is expected to roll out nationally later this year. | READ MORE
The Isis SmartTap protocol is a new, proprietary mobile commerce software specification that leverages NFC technology, a standard feature on most new smartphones. When supported in an NFC reader or payment terminal, the SmartTap protocol enables Isis Mobile Wallet users to pay, present loyalty cards and redeem offers in a single transaction.
"NFC is the international standard for mobile payments," said Jim Stapleton, chief sales officer, Isis. "The proliferation of SmartTap capabilities at the point of sale takes mobile payments one step further, providing rich commerce features that offer an effortless consumer experience and drive engagement and loyalty in a way previously not possible."
Providers supporting SmartTap capabilities enable mobile commerce in a diverse range of environments including vending machines, mass transit, fuel pumps, taxis, restaurants and grocery and retail stores.
A SmartTap-enabled POS terminal automatically recognizes and applies loyalty cards loaded in the Isis Mobile Wallet. Similarly, Isis Mobile Wallet users benefit from the ability to receive, store and redeem offers with SmartTap-enabled merchants.