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October 18, 2012updated 04 Apr 2017 4:12pm

ISIS goes live

ISIS, the integrated NFC payment network developed by a group of US telecoms, is set to go live on 22 October 2012, media report.

By Chiara Francavilla

ISIS, the integrated NFC payment network developed by a group of US telecoms, is set to go live on 22 October 2012, media report.

The m-wallet scheme deriving from a joint venture between mobile operators AT&T Mobility, T-Mobile USA and Verizon Wireless will be launched next week in two US towns, Austin in Texas, and Salt Lake City in Utah, according to the Wall Street Journal.

ISIS was first announced in April 2011. In July 2011, the initiative obtained the support of the world’s major card companies MasterCard, Visa, Discover and American Express. In that occasion, Ajay Banga, president and chief executive officer at MasterCard said: "We fully support an open commerce ecosystem which will drive the scale necessary for widespread adoption of mobile payments, providing consumers with exciting new possibilities for shopping and saving."

Terminal manufacturers VeriFone, Ingenico, ViVOtech and Equinox also backed ISIS in March 2012.

ISIS’ debut was scheduled for the summer 2012, but the launch was delayed indefinitely in September 2012. The reason for the delay was not made public.

cISIS will have to face competition from Google, which has an e-wallet scheme backed by the US’ third largest telecom Sprint, and from the Merchant Customer Exchange, an NFC payment initiative announced in August 2012 by a league of over 20 US retailers, including the superstore chain Walmart.

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