Telco backed mobile wallet service Isis announced yesterday it will officially be changing its brand-name to SoftCard.
The move to change the name of the service is due to the rise of radical Islam militant organization known as the Islamic State of Iraq and Syria, or ISIS for short. The new name comes after an announcement made in July that the service will be re-naming the wallet to distance itself from 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,” stated an official post made by SoftCard (formerly Isis) CEO Michael Abbot.
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Not much is going to change with the service besides the name change and an updated application with the new insignia will begin rolling out in the next few weeks.
“First and most importantly, your current Isis Wallet will continue to work as it always has. In the next few weeks, we will launch the updated Softcard app,” Abbot continued.
The wallet service was originally conceived in 2010 through a joint venture between AT&T, Verizon, and T-Mobile, for a coherent and standardized mobile payment option. Over $100 million was invested in Isis since 2011. The wallet supports all major US based credit cards Visa, MasterCard, Discover, and American Express.