Isis partners with payment hardware makers
Isis, which is due to kick off this summer, has now secured cash register and payment hardware makers VeriFone, Ingenico, ViVOtech, and Equinox Payments as partners. They have vowed to integrate the Isis Mobile Commerce Application wireless payments technology into their future products. Isis will use NFC technology for payments, digital couponing, location-based social media offers, and more. It's a competitor for Google's Wallet offering.
Justice fears competition in POS market at risk
The US Department of Justice has filed a lawsuit seeking to block Verifone from gobbling up rival point-of-sale (POS) credit card information equipment vendor Hypercom. According to DOJ, the market is very concentrated. Verifone holds a 48 percent share of the US market, Hypercom, a 18 percent share, and French-based Ingenico 26 percent. Verifone had planned to sell off Hypercom's US operation to Ingenico, hoping that would pave the way for Governmental approval. However, the Justice department saw things differently.
Google, Ingenico team up on NFC gear, software
Ingenico, a French maker of digital payment terminals for retailers, has recently announced it will partner with Google on bringing Near Field Communications (NFC) applications and terminals for retailers. At the same time, Ingenico's CEO Phillippe Lazare said Google can deliver coupons to a phone using the NFC standard when they simply enter a store. In some cases, users can get the discount upon checking out during that same visit.