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