The ISIS mobile payment service will reportedly launching nationally in September, according to a new report Tuesday. The service, which has been rumored for quite sometime, will launch on T-Mobile, AT&T and Verizon Wireless smartphones.
For those in the dark here, ISIS is comprised of T-Mobile, AT&T, and Verizon Wireless. The partnership was formed in April?2010 to help foster the growth of using NFC-technology for mobile payments. ISIS will let customers use any of the most common credit cards, stored as part of an encrypted "digital wallet" inside his or her smartphone.
Word of the launch comes straight from the mouth of Verifone CEO Doug Bergeron, whose company has apparently been working diligently with carriers to supply terminals that ISIS can use. Bergeron did not provide too many details, but just enough to leave us wanting more.
While news of ISIS launching soon is excting, it's hardly suprising, especially considering field trials have been taking place in Texas and Utah. The trials are due to wind down soon, with the full launch starting after.
Besides ISIS, Amazon, Google, RIM, Apple, and several retail organizations have all been working on creating their own systems for letting customers use smartphones to authorize payments. ISIS, however, may beat them all to the punch as the company partnership its strategy for debuting NFC payments before the end of 2011. Impressive.
Besides those details, not much else is known about ISIS. Very little has leaked in regards to the service or its app, which I am sort of surprised at. I hope it does well, though, because mobile payments are a huge opportunity.
With ISIS getting out the door first, it should give them a huge advantage. Let the games begin.
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Source: http://www.knowyourcell.com/news/1561152/isis_to_debut_in_september_claims_report.html
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