Let there be no doubt: Your mobile payments are not funding a militant group.
Isis, the digital wallet venture started by Verizon, T-Mobile and AT&T, announced this morning that it has picked a new name: Softcard. The company had previously announced plans to change its name, aiming to avoid confusion with the militant group the Islamic State of Iraq and Syria, commonly known in the U.S. as ISIS.
“However coincidental, we have no desire to share a name with this group and our hearts go out to those affected by this violence,” said Michael Abbott, the company’s CEO, in a post announcing the name change.
The Isis Mobile Wallet app works on Android and iPhone, leveraging Near Field Communication technology to let users make payments wirelessly at supported checkout registers. The company says the app will update to the Softcard branding in the next few weeks.