AT&T, T-Mobile, and Verizon Pledging $100 Million to Isis
Aug 29, 2011, 10:58 AM by Eric M. Zeman
According to sources cited by Bloomberg, AT&T, T-Mobile, and Verizon Wireless are planning to invest up to $100 million into their Isis mobile payment joint venture. Isis will eventually bring near-field communications payment services to mobile devices sold by the three networks. Isis already has the support of credit card companies MasterCard and Visa. The amount of the investment by the three carriers will be based, in part, on how successful Isis is at attracting banks and merchants to support mobile payments. Isis will compete directly with the Google mobile wallet service, which is being trialled by Sprint. The potential $100 million investment demonstrates the carriers' commitment to making mobile payments a reality.
Comments
You Suck
I WISH DEY WULD TAKE 100 MILLION IN THEIR NETWORKS
$100 million is pocket change compared to what these companies spend
there is so many differnet options for networks and wifi in many areas,
everyo...
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