November 16, 2010

ISIS, Payments from your Phone by AT&T, Verizon, T Mobile

ISIS, making payments from your phone, is a payment network announced by AT&T, Verizon, T Mobile.

ISIS will bring the convenience of paying from your phone by just bringing the phone close to the merchant’s reader (uses NFC technology) and tapping PAY.

ISIS will compete against credit cards from Visa, Mastercard and others.

Earlier AT&T Direct Pay was announced which will let users pay for goods using their mobile number. The system also creates potential for abuse as with the rebill scams. That system uses BilltoMobile, Boku and Zong to handle the backend processing.