Mobile payments by Isis backed up by a number of smartphone manufacturers

0. phoneArena posted on 28 Sep 2011, 03:43

One giant leap forward for mobile payments has been made today with the announcement that HTC, LG, Samsung, Motorola, RIM, and Sony Ericsson, will back up the Isis mobile payment platform...

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2. ibap posted on 28 Sep 2011, 07:15 0 0

This seems pretty cool, but -

The microSD from DeviceFidelity - do you lose storage or are they going to gouge you for the storage capacity? And what happens if you walk too close to a reader?

Whatever happened to the system in Japan where you sent a text message to a shortcode and it appeared on your cell bill? This seems more secure (nothing like RFID issues) doesn't provide revenue to the banks or credit card companies (and look who's partnering), but does to the carrier. Seems like that approach is going no-where.

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