ISIS Mobile Wallet announced last week that it would rebrand, citing growing concerns regarding the use of the acronym by the militant group the Islamic State of Iraq and Syria.
Michael Abbott, the CEO of Isis Mobile Wallet, said that while rebranding is not easy, it is the right decision for the company and its customers.
“However coincidental, we have no interest in sharing a name with a group whose name has become synonymous with violence, and our hearts go out to those who are suffering,” Abbott said in a blog post on the company’s news page.
Abbott said the company plans to share developments related to the rebranding with the public in coming months.
“In the meantime, we remain committed to growing the mobile payments ecosystem, and advancing our mobile wallet,” Abbott said. “Our focus on delivering a great product and platform to our customers hasn’t changed.”
The ISIS militant group has been linked to violence against civilians and government forces in both Iraq and Syria.
Several Iraqi governorates, including Baghdad, Anbar, Diyala, Kirkuk, Salah al-Din, Ninawa and parts of Babel are under the group’s control. Controlled areas of Syria include Al Barakah, Al Kheir, Al Raqqah, Al Badiya, Halab, Idlib, Hama, Damascus and coastal areas.