The Isis Wallet mobile payment system has changed its name to Softcard as the company doesn't want to share the same name with the Islamic State of Iraq and the Levant (ISIS) terrorist group in Syria and Iraq. Company officials noted that it was thinking of a name change over the summer, saying it doesn't want any confusion related to the group that has ramped up its use of brutal tactics to scare rivals and attract new recruits.
Softcard is currently backed by Verizon Wireless, AT&T and T-Mobile, and hopes to move forward and continue operating normally. The company said the Isis Wallet will work the same following the name change, and mobile users will see the app update without any major feature changes.
"Our search for a new name has been rooted in our founding vision: to use the power of the mobile phone to help consumers find a safer and better way to shop, pay and save," said Michael Abbott, Softcard CEO, in a statement. "But we also wanted a name and visual identity that had the power, flexibility and simplicity to define our category."