1. You want that $100.00 in your pocket or an Amazon Fire TV don't you? Well here's the deal. With our new updated look we are in desperate need of an updated logo. The 'old' one has certainly served us well, but it's time. Find all the details here: bit.ly/1q0k6Wa
  2. DroidForums.net is currently undergoing a major software upgrade. If you are experiencing any problems logging in please: Contact Us
DroidForums Logo Contest Droid Forums Upgrade

AT&T, T-Mobile and Verizon give Isis mobile payment network a $100 million boost

Discussion in 'Android Forum' started by Shadez, Aug 29, 2011.

  1. Aug 29, 2011 #1
    Shadez
    Offline

    Shadez Super Mod/News Team Staff Member Premium Member

    Joined:
    Jan 27, 2010
    Messages:
    8,323
    Likes Received:
    179
    Trophy Points:
    63
    Location:
    Lafayette Hill, Pa
    [​IMG]

    How do you compete with Google's new Wallet mobile payment system? Well, a $100 million cash infusion certainly couldn't hurt. AT&T, T-Mobile and Verizon have plans to invest just that amount in Isis, sources told Businessweek. That sum is likely to grow, since taking on Google is no small feat, especially considering Wallet is already off the ground, with nationwide retail partners and support for MasterCard PayPass. Though Isis first made its debut last year, Google Wallet, which was announced in May, has clearly taken the lead. Isis is little more than a top-level website at this point, though with three of the nation's largest carriers providing support, it could have a chance to catch up -- especially if the carriers elect not to partner with Google, leaving Sprint as the sole wireless provider. We're glad to see some potential healthy competition for Wallet, especially considering that it was looking like Google was poised to create a monopoly. We expect much more to come on the Isis front, but in the meantime, hold on to those wallets -- cell phone payments may be in your future, but for now, paper and plastic are where it's at.

    [​IMG]Businessweek & AT&T, T-Mobile and Verizon give Isis mobile payment network a $100 million boost -- Engadget