The four major U.S. payment networks will work with mobile carrier joint venture Isis as it rolls out NFC-based mobile commerce in the United States, it was announced today.
The move could reduce expected fragmentation among NFC mobile wallets in the United States and help Isis recruit major banks and other credit, debit and prepaid issuers for its planned Isis wallet, said observers.
While Isis, made up of AT&T, Verizon Wireless and T-Mobile USA, had earlier this year said it would open its NFC mobile wallets to all the major U.S. payment brands, the agreements announced today formalize the arrangement with Visa Inc., MasterCard Worldwide, America Express and Discover Financial Services.