yea, but you had to know it was coming,
there have been musings by Solms about efforts with EMV and talks and so on, and as this is likely a work in progress it seemed inevitably their would be the "partner" announcement.
With Finread it seemed like Wave was really trying to be the whole thing, this effort seems considerably more modest, attempt to piggyback Wave's technology with a current solution provider and sell it to the banks.
For reminders, the model was (in the future, when something actually gets developed) that for transactions where Wave's technology was able to convert a CNP transaction into a card-present transaction that they would get a sliver of the fee difference. It is a potentially valuable thing for Wave to get into, it is not a near term thing.
Definitely part of the tomorrow stuff.
Basically, VSC today (and SEDs and some SFND DLP presumably) with things like WEM and EMV as a couple tommorrowish notions.