Isis Becomes Even Stronger With VeriFone Partnership, Mobile Payments Set To Shine - HotHardware
Isis Becomes Even Stronger With VeriFone Partnership, Mobile Payments Set To Shine

Isis Becomes Even Stronger With VeriFone Partnership, Mobile Payments Set To Shine

Mobile payments are slowly but surely growing in popularity here in the U.S., and it's initiatives like this one that are paving the way for more and more innovation. VeriFone, Ingenico, ViVOtech and Equinox have just announced integration of Isis, which is a joint venture created by AT&T, T-Mobile and Verizon. The agreements with leading payment systems providers will help accelerate the wide scale introduction and adoption of mobile commerce. "Payment systems suppliers provide critical infrastructure for the development of mobile commerce," said Scott Mulloy, chief technology officer, Isis. "Today's announcement is an important step in enabling NFC technology adoption throughout the mobile commerce industry. It also validates the open platform approach being offered by Isis across multiple business sectors."

"VeriFone retail customers are already embracing the convergence of online shopping and the physical point of sale with new mobile payment options, digital couponing, loyalty, location-based social media and value-added services," said Jennifer Miles, VeriFone executive vice president, North America. "NFC-enabled payments allow merchants to engage their shoppers in new and powerful conversations, and Isis' open platform and scale are helping make mobile commerce a reality." Payment device suppliers will enable Isis mobile commerce across several of their product lines, offering merchants flexibility in how they upgrade to Isis-enabled payment terminals. Merchants will become Isis-enabled through a combination of new payment acceptance systems and NFC add-on devices, as well as remote software upgrades of certain devices already in the field.


"As a global payment terminal manufacturer, we welcome Isis' open approach of mobile commerce to engage with as many stakeholders of the payments ecosystem as possible. It is the most effective way to bring consumers and merchants the best in engineering innovation, convenience and security of payments," said Thierry Denis, president of Ingenico, North America. "For 30 years, merchants relied on our terminals as enablers of traditional and innovative payment methods. Today, together with Isis, we are ready to support the acceptance of NFC-enabled payments which are fully integrated in our new generation Telium series devices and, in turn, be the agents of mobile commerce."

"We're approaching a tipping point in the mass adoption of mobile commerce, as new smartphones arrive NFC-enabled," said Mick Mullagh, chief executive officer, ViVOtech. "Bringing the industry together behind a common set of technology standards and platforms is a crucial step toward igniting the mobile economy and we look forward to bringing ViVOtech's 10 year history of leadership in contactless NFC applications to bear on behalf of the Isis customer base."

A few more partners, a few steps closer to mobile domination. But now, where's the phone and merchant support?
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This is going to be done one way or another through Google, Verifone or someone as there are 3 platforms out right now that do the same thing. Of course I use Square presently to read credit cards on my Sensation it is not internal and does not transmit it accepts. As far as I know I think my Sensation has the internal chip but it is not enabled as well. I promise there on all the upcoming phones though. so one of these (In the US I imagine it will be the one used in Walmart and Target as more people shop in those places on a regular basis than anywhere else period) will become a worldwide standard and internationally I think whomever Verifone take has a good chance. We will just have to see if one stays international with a different one in the US though.

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Well, it's a good thing that there is always innovation. I heard that three of the four main wireless carriers launched a joint venture called Isis, a mobile payment system. A while ago  I had read an article entitled: Isis mobile payment system inks deal with POS vendors. It says that  one of the largest hurdles to mobile payment systems has been the lack of Point Of Sale machines that can process them, but Isis has just inked a deal with many POS device companies.

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