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Updated: Thursday, July 24, 2014

ISIS mobile wallet moves to rebrand

What's in a name? For many companies, the moniker they choose becomes their public persona. So imagine the shock of executives at banks and communications companies involved with the Isis mobile wallet when news broke of a militant group whose name translates into English as the Islamic State of Iraq and Syria, or ISIS for short.

ISIS is a militant group that has been making headlines with a violent sectarian campaign against civilians and governments in Iraq and Syria. In an effort to distance itself from the group, the Isis mobile wallet will be renamed, the company stated.

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