T-Mobile, together with AT&T and Verizon launch mobile commerce network, ISIS

AT&T Mobility, T-Mobile USA and Verizon Wireless today announced the formation of a joint venture chartered with building ISIS™, a national mobile commerce network that aims to fundamentally transform how people shop, pay and save.

According to the companies, the new system will revolutionize payments, utilizing short-range, high frequency near-field communication (NFC) technology to engage in encrypted payment transfers at short distances.

How It Works

The new venture will enable contactless mobile payment and commerce services using near-field communication technology. NFC uses short-range, high frequency wireless technology to enable the encrypted exchange of information between devices at a short distance. The new system is being designed and built to include strong security and privacy safeguards.