The ISIS Wallet is no more, as the mobile payments startup firm has changed its name in the wake of gains made by the Islamist group of the same name.
The company said it’s rebranding the system in July before ISIS gained notoriety in August when it beheaded two journalists.
“However coincidental, we have no desire to share a name with this group and our hearts go out to those affected by this violence,” Isis CEO Michael Abbott said in a statement.
The mobile wallet is now called Softcard and is backed by AT&T, T-Mobile and Verizon.
“Your current Isis Wallet will continue to work as it always has,” Abbott added, TechChrunch reported. “In the next few weeks, we will launch the updated Softcard app. At that point, you can update your app as you normally would and see that your Isis Wallet has become Softcard,” he noted.
The company allows users to “securely store financial information and pay in stores by tapping their smartphones,” according to Bloomberg.
And ISIS, the Islamic State, will be the focus of a speech by President Obama on Wednesday.
It was reported Tuesday that Obama will talk about “destroying” the organization, which is based in Iraq and Syria.
“If [ISIS] were to establish a safe haven in Syria, there certainly is a risk that their attention could turn toward the West. And that would indeed be a very dangerous situation,” White House press secretary Josh Earnest said, reported NBC News.