America's Isis crisis in NFC mobile payments
America's Isis crisis in NFC mobile payments
Since Google launched its Google Wallet earlier this week the Isis crew have been out in full force talking about Isis, which probably won't get to market until in Salt Lake City and Austin until early-mid 2012, and that is just in a couple of test cities at that. If you have never heard of Isis let us give you some back story. Isis is a joint venture formed by AT&T, T-Mobile and Verizon where the three mobile network operators have come together to go into the NFC mobile payments business together, effectively controlling most of the market in the United States. Each mobile network operator intends to charge companies for having an NFC payments capable app stored on a subscriber's phone and then Isis will act as a trusted service manager that provisions security apps being installed and acts as part of the payment process. If you would like to know more about what a trusted service manager is and does, check out our post here.
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