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Verizon, AT&T and T-Mobile plan to inject over $100 million to speed up the launch of mobile payment network Isis

0. phoneArena posted on 29 Aug 2011, 09:15

You might have forgotten about Isis, the joint mobile payment effort of Verizon, AT&T and T-Mobile, but the carriers’ $100 million injection into the service brings it back in the spotlight…

This is a discussion for a news. To read the whole news, click here

posted on 29 Aug 2011, 10:26 2

1. PotDragon (banned) (Posts: 214; Member since: 22 Jul 2011)

Yeah...last thing in the world I want is my cell company more involved in my life.

For the consumer, where is the benefit? Think these companies spending that kind of cash with no planned return on investment? Go to tiered data...then start "mobile" payment. How much you want to beat the encrypted downloads will not be measured in kbs?

Banks & cell companies working together...oh yeah! Better hold on to your actual wallet.

posted on 29 Aug 2011, 11:22 1

2. remixfa (Posts: 14604; Member since: 19 Dec 2008)

i didnt think much of it until you mentioned the "measured in Kbs". While I doubt we would use it enough to put any real marks on our data usage, i wouldnt put it past them to say "each NFC payment counts as 1 megabyte" or something stupid like that to help inch people over their MB allowances.

posted on 29 Aug 2011, 15:23

3. Rawrzellers (Posts: 224; Member since: 22 Aug 2010)

Yes because that's exactly what they want to do. Sabotage millions of dollars in investments and have companies pulling out left and right because no one can afford to use the service.

posted on 29 Aug 2011, 19:59

6. remixfa (Posts: 14604; Member since: 19 Dec 2008)

sabotage what? no, its called getting the investment back. If they can get all their customers to go over their data plans just once, they made back their investment with interest. Most customers wont even notice.
Do i want them to do that? heck no. Do they have a history of doing just that? oh yea they do.

posted on 29 Aug 2011, 20:18

7. s (unregistered)

this is stupid ... so i would bother taking out a phone open the app and scan or whatever when i could just take my card out of my wallet to pay i mean if i use this service and my phone get stolen that also means that my wallet is stolen ...and if i take both my wallet and phone out if my phone get stolen then its just my phone

posted on 29 Aug 2011, 17:03 1

4. DigitalMD2 (unregistered)

Yeah, how about giving your cusstomers a better, cheaper, faster data plan insted of throwing away millions on crap.

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