Isis, the wireless carrier-led mobile payments venture, just crossed off an integral item on its to-do list in signing Visa Inc., American Express Co. and MasterCard Inc.
Isis executives said Tuesday that its contractual agreements with the three networks will allow consumers to load their networks' payment cards into a mobile wallet application scheduled for field trials next year. Specifically, Isis is licensing the networks' contactless payments specifications for use in its software. Isis initially had a relationship with Discover Financial Services as its only card network. The deals with the other card brands "effectively lay the framework for any of the networks to get their cards, their payment applications, into the mobile wallet," Jaymee Johnson, the head of marketing for Isis, said in an interview on Tuesday. However, Isis has yet to announce agreements with any card-issuing banks. This is another key item it will have to check off its list to accomplish widescale adoption... read more at BTN
