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November 16, 2010

AT&T, T-Mobile and Verizon Wireless Announce Joint Venture to Build National Mobile Commerce Network in US

isis_logo.pngAT&T Mobility, T-Mobile and Verizon Wireless have announced the formation of a joint venture chartered with building ISIS, a national mobile commerce network that aims to fundamentally transform how people shop, pay and save.

Isis’ initial focus will be on building a mobile payment network that utilizes mobile phones to make point-of-sale purchases. By utilizing smartphone and near-field communication (NFC) technology to modernize the payments process, Isis intends to deliver new levels of competition and value to consumers and merchants. Isis expects to introduce its service in key geographic markets during the next 18 months.
Michael Abbott, formerly with GE Capital, has been named CEO of Isis. The website is www.paywithisis.com.

M-Dot Network Delivers POS-Enabled Digital and Mobile Coupon Program

mdot_logo_60px.pngM-Dot Network has announced that Hiller's Markets has "successfully launched the first digital coupon platform that does not rely on any additional in-store infrastructure or hardware within the store headquarters." The new POS Digital Coupon technology from M-Dot provides retailers with an enterprise platform for managing the issuance, precision marketing and real-time redemption of digital coupons and offers.

U.S. Bank Expands Mobile Capabilities with Innovative New Visa Payment Solution

USBank_logo-140px.pngU.S. Bank and Visa have announced they are partnering with DeviceFidelity, FIS and Monitise to introduce a mobile POS capability for Visa payWave contactless payment terminals.

Issued by U.S. Bank, a DeviceFidelity In2Pay™ microSD is inserted in the customer’s mobile phone or within a specially-designed iPhone case (In2Pay iCaisse™). Visa and DeviceFidelity recently introduced the patent-pending In2Pay microSD based mobile contactless technology and the associated In2Pay iCaisse solution. FIS and Monitise developed the application that enables customers to make mobile purchases and access account information as part of the U.S. Bank pilot.
The solution conforms to the industry standard for memory cards, microSD, and fits into the memory card slot found in many existing mobile devices.

PayNearMe Expands Cash Payment Network to Enable Mobile Payments

paynearme_logo_140px.pngPayNearMe has announced a mobile option for "consumers who prefer to pay cash for e-commerce purchases, loan re-payments, e-wallet loads and a wide variety of other everyday transactions." Using only their mobile phones and the new, free PayNearMe Card, consumers can complete transactions without requiring access to a printer. This video demonstrates the entire consumer experience.

In related news, PayNearMe also announced it has received another $16 million in venture funding and is expanding its board.

Visa Europe and Cornèr Bank Launch CodeSure Card

visa_logo-140px.jpgVisa Europe and Cornèr Bank in Switzerland have announced the commercial launch of Visa CodeSure. CodeSure-enhanced cards feature "an embedded PIN pad which allows consumers to generate a passcode by simply typing their PIN number into the card enabling security and convenience in the same device. The card makes Verified by Visa online transactions easier and more secure and can also be used in an ATM or point-of-sale device as usual."

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