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

Mobile payments by Isis backed up by a number of smartphone manufacturers
One giant leap forward for mobile payments has been made today with the announcement that a number of major smartphone manufacturers, namely HTC, LG, Samsung, Motorola, RIM, and Sony Ericsson, will back up the Isis mobile payment platform. The companies have entered into an agreement to introduce NFC-enabled handsets that implement mobile payments technology provided by Isis.

In addition, it has been confirmed that even smartphones that lack that all-important NFC chip will be able to take advantage of the technology. DeviceFidelity will be the company responsible for adding the functionality to such devices, so you won't necessarily have to upgrade solely for mobile payments' sake.

All of this lines up perfectly with what Jaymee Johnson, Marketing Director of Isis, promised not long ago. In a recent interview, he stated that the Isis mobile payment technology will be supported by “multiple issuers, multiple handsets, multiple operating systems, [and] multiple manufacturers”.

It will sure be interesting to see how Google will now respond to the challenge. Although its Google Wallet service is already operational and seems to be gaining traction, it is only limited to one device provided by a single carrier – the Google Nexus S 4G for Sprint. On the other hand, Isis is expected to run on devices marketed by AT&T, Verizon and T-Mobile, as the three carriers are behind the venture itself.

If everything goes as planned, live tests of mobile payments by Isis will begin next year in a limited number of markets.

source: Isis via CrackBerry

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posted on 28 Sep 2011, 07:15

2. ibap (Posts: 785; Member since: 09 Sep 2009)

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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