LAS VEGAS — The short summary of the keynote by Softcard CEOMike Abbott at Money20/20 was the company isn't dead yet.

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The carrier-owned mobile wallet solution based on Near FieldCommunication had faded from public view after a national launchlast November, back when it was still called Isis.

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“I am thankful for our new name,” Abbott told attendees atthe conference Wednesday.

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That decision was made after a Middle Eastern terroristorganization tarnished the original name.

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“I am also thankful for Apple Pay,” he added. “We faced anindustry riddled with inaction. Apple Pay has been the ignition. Weall now know that paying with an iPhone is easy.”

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Apple also made paying by phone cool, and that sets the stagefor other mobile wallet providers to prosper, Abbott suggested.

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As for Softcard, which is owned by Verizon, AT&T andT-Mobile, and is found on most Android phones that were sold overthe past couple years, Abbott said, “We are the Android way topay.”

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There have been no signs that Apple plans to make Apple Payavailable on Android phones, and there is some skepticism that isin the cards.

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One reason is there is that Google would likely insist on equalaccess to the Apple Apps Store for its Wallet. Apple opens the NFCradios in iPhone 6 to apps other than Apple Pay. However, that NFCcurrently blocks other payment services, according to somesources.

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With Android in the dominant market position, Abbott said thatthere may be good times ahead for Softcard, which ought to beusable at most merchants that presently accept Apple Pay.

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Apple claimed a number of more than 200,000 although someexperts have said the real number of working terminals may be halfthat.

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“Softcard is also the Windows way to pay,” Abbott said, adding aWindows mobile version went live a few days ago.

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“We will be on more than 100 devices, on multiple platforms byyear end,” he noted.

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Abbott also quipped that NFC is “now for commerce,” which was anallusion to remarks made by a speaker at another Money20/20 session thatNFC stands for “not for commerce.”

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Abbott's bottom line was mobile point of sales are still inan infancy stage and it's too early to declare winners. As aresult, it is premature to bury some competitors, he suggested.

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This year's Money20/20 conference, which concluded Wednesday,attracted 7,500 attendees, according to the event's organizers.

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