T-Mobile, AT&T, and Verizon Team Up to Turn Phones Into Wallets [Mobilepayment]

The gigantic three US carriers have gotten their mobile payment Voltron on, creating ISIS-a new service in an effort to mean you can use your phone as you can a credit or debit card for purchases. But that’s just the beginning.

ISIS can be, the carriers claim, more than just a debit card replacement-packing rewards cards, coupons, and even public transit cards into your phone, via the magic of Near Field Communications (short-range blasts of radio data). The carriers hope to open up ISIS to their combined 200 million customers in ” key geographic markets” over a higher 18 months. So, it may be some time before ISIS shopping hits your town, but the mere undeniable fact that these companies are cooperating on something is nearly neat unto itself. [ ISIS via BGR ]

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This post is tagged: field communications, geographic markets, mobile payment, public transit, radio data, transit cards, undeniable fact