C-SAM signed an agreement with Isis, a mobile commerce
joint venture between AT&T Mobility, T-Mobile USA and Verizon Wireless, to
license its wallet management platform and software development kit.

 

The C-SAM platform will enable Isis to offer
smartphone users a comprehensive mobile wallet for conducting secure
near-field-communication (NFC) transactions related to payments, rewards,
coupons, tickets, transit and other services.

 

C-SAM’s vision has been to recreate a leather wallet
metaphor on mobile phones. We are excited about the agreement with Isis and
confident that our mobile wallet will provide additional convenience,
flexibility and security to Isis’ customers,” said Sam Pitroda, chairman and
founder of C-SAM.

 

C-SAM’s SDK enables service providers to build their own
applications for NFC based proximity transactions as well as remote
over-the-air services. Isis will use C-SAM’s SDK to rapidly build its open
mobile commerce platform.

 

We have incorporated learnings over the years from
diverse markets and deployments to build a highly scalable mobile wallet
management platform, supported by a comprehensive SDK,” said Felix Marx, CEO of
C-SAM.

 

C-SAM’s platform and SDK will enable Isis and their
partners to rapidly build a secure transaction ecosystem in the US. We believe
Isis will usher in a new approach for service providers worldwide to build
similar ecosystem based mobile payment and commerce networks for their
respective markets,” Marx added.

 

Isis, which announced its formation in November 2010, is
focused on enabling mobile commerce on a nationwide basis.

 

The company will launch its mobile commerce program in
Salt Lake City, Utah and Austin, Texas in the first half of 2012. Isis will
offer customers a highly secure and convenient way to pay, redeem coupons and
store merchant loyalty cards, all with the tap of a phone.

 

C-SAM’s platform provides coverage across various
carrier networks, operating systems, and NFC handsets, ensuring Isis can
rapidly scale. Together with C-SAM, Isis will allow consumers to experience a
new and secure way to shop, pay and save, all with the tap of their phone,”
said Michael Abbott, CEO of Isis.  

 

C-SAM has over twenty five reference value added services
bundled with its SDK, from mobile payments to coupons to ticketing to banking
to parking to health, enabling service providers to rapidly build and deploy
their own secure transaction widgets.

 

By Telecomlead.com Team
[email protected]