JVL Ventures, LLC d/b/a Softcard (formerly Isis Mobile Wallet), was a joint venture between AT&T, T-Mobile and Verizon which produced a mobile payments platform known as Softcard, which used near-field communication (NFC) technology to allow users to pay for items at stores and restaurants with credit and debit card credentials stored on their smartphones.
On February 23, 2015, it was announced that Google—which had developed a competing system known as Google Wallet, backed by Sprint and MetroPCS—had acquired certain assets and intellectual property from Softcard.
In November 2010, AT&T, T-Mobile, and Verizon officially announced a joint venture known as Isis, which planned to develop a near-field communications-based mobile payments platform.
At the same time, it was announced that AT&T, T-Mobile US, and Verizon would begin to back Google Wallet, and bundle its app with their compatible devices later in the year, in place of Softcard.
[13][14][15] Softcard CEO Michael Abbott had previously indicated that the company was "actively working" with Apple to integrate its service with the device.