Isis eyes nationwide mobile payments launch this year

Isis, a venture of three of the top U.S. mobile providers, said on Tuesday it would expand its much-delayed mobile payments service nationwide later in 2013 after it tested the concept with consumers in two markets.

Isis, formed by Verizon Wireless, AT&T Inc and T-Mobile US, is a so-called mobile wallet service that allows consumers to make payments by waving their phone at a check-out terminal, instead of using a plastic card.

The Isis wallet uses a short range wireless technology known as near field communication (NFC) technology that will also let consumers redeem coupons and present loyalty cards “with a tap of their smartphone.”

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Category: News