Are Retailers Repelling Isis With Flick Of A Switch?

Retailers participating in the Merchant Customer Exchange (MCX) reportedly are pushing out the telco-based mobile wallet Isis? At least Isis’ chief technology believes so. In an interview with Computerworld, Scott Mulloy accused several Isis merchants of turning off the ability to accept NFC payments, which Isis supports, on their new recently upgraded payment terminals. MCX reportedly plans to support QR code-based mobile payments but has left its options open. “When a merchant with thousands or even hundreds of locations turns off contactless [NFC payments] and chooses a less secure option, it’s significant for consumers and the broader payments industry, as we have seen with recent high-profile data breaches,” Mulloy noted in an email to the publication. Isis says there are about 1 million terminals deployed in stores that support both EMV smartcards and NFC smartphone payments, or about 15% of all terminals in use. “What’s Hot” is aggregated content. PYMNTS.com claims no responsibility for the accuracy of the content published by the original source.