Printed from http://www.electronista.com

Isis scales back NFC payment plans

updated 03:00 pm EDT, Wed May 4, 2011

Isis members make NFC payment plan less advanced

Isis, the coalition of US wireless carriers AT&T, Verizon and T-Mobile to bring NFC payments on handsets to the masses, will not go forward as planned earlier, according to reports on Wednesday. While trials were due to start early in 2012, the three carriers have now purportedly agreed to change their approach and make it less advanced. Instead, they will create a "mobile wallet" that will link users' existing Visa, MasterCard or other major credit cards to the account, though this is not official yet.

This is a significant turnaround from the earlier idea, which would compete with the credit card companies, though it would partner with Discover Financial Services and its national payment network. Discover's network includes seven million merchant partners in the US.

An Isis spokesperson said Discover is the current partner, but new alliances are welcomed.

Isis as originally planned was to have been a complete network of handling payments using NFC (near field communication). The technology is already present in the Google Nexus S and Samsung Galaxy S II, and should be coming soon through phones like the BlackBerry Bold 9900, but currently has relatively little support. Rumors persist of an iPhone 5 with NFC.



By Electronista Staff
toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Samsung Galaxy S 5

The Samsung Galaxy S5 might be the phone that Android users have been craving for some time. Information coming out of Mobile World Co ...

STM Trust technology bag

The search for a good messenger bag that doubles as a laptop bag is something many travelers find themselves facing at least once. Bet ...

PenClic Bluetooth mouse

Windows 8 aside, computer users have been trained that a mouse is the proper way to navigate through the desktop for many years now. T ...

Sponsor

toggle

Most Commented

 
toggle

Popular News