ISIS (mobile payment system)
Encyclopedia
ISIS is a joint venture between AT&T, T-Mobile and Verizon Wireless in the mobile payment
space, announced on 16 November 2010. The system is reported to be based on the near field communications (NFC)
. Notably, Sprint is not part of the consortium. The CEO of ISIS is Mike Abott. The ISIS mobile system has partnered with the Discover network and Barclaycard US.
On April 4, 2011, Isis announced it will pilot the Isis mobile commerce program in Salt Lake City in early to mid-2012. On July 19, 2011, a partnership was announced between ISIS, Visa, Mastercard, Discover, and American Express.
On August 29, 2011, the three mobile phone companies announced plans to invest more than $100 million in the project.
Mobile Payment
Mobile financial services, also referred to as mobile money, mobile payment, mobile banking, mobile money transfer and mobile wallet generally refer to payment services operated under financial regulation and performed from or via a mobile device....
space, announced on 16 November 2010. The system is reported to be based on the near field communications (NFC)
Near Field Communication
Near field communication, or NFC, allows for simplified transactions, data exchange, and wireless connections between two devices in proximity to each other, usually by no more than a few centimeters. It is expected to become a widely used system for making payments by smartphone in the United States...
. Notably, Sprint is not part of the consortium. The CEO of ISIS is Mike Abott. The ISIS mobile system has partnered with the Discover network and Barclaycard US.
On April 4, 2011, Isis announced it will pilot the Isis mobile commerce program in Salt Lake City in early to mid-2012. On July 19, 2011, a partnership was announced between ISIS, Visa, Mastercard, Discover, and American Express.
On August 29, 2011, the three mobile phone companies announced plans to invest more than $100 million in the project.