Carriers' Mobile Payment System Named 'Isis'
Nov 16, 2010, 8:20 AM by Eric M. Zeman
Following a report in the Wall Street Journal, AT&T, T-Mobile and Verizon Wireless today announced Isis, a planned mobile payment network that make use of mobile phones to conduct point-of-sale purchases. The system will use smartphones that have embedded near-field communications (NFC) chips inside in order to conduct contactless payments. Michael Abbott, formerly with GE Capital, has been named as Chief Executive Officer of Isis. Isis will be based in New York City, and the joint venture expects to debut services in select regions over the course of the next 18 months.
Aug 10, 2022
Samsung has announced its newest generation of foldable phones: the Galaxy Z Fold4 and Galaxy Z Flip4. Both have similar designs and features compared to their predecessors, with a slew of small updates and refinements across the board.
The Square Point of Sale app now fully supports Tap to Pay on iPhone, allowing any iPhone (11 or newer) to act as a payment terminal able to accept NFC (tap) payments without any additional hardware. Previously, merchants needed a separate hardware accessory to accept any kind of in-person card or tap payments.
Jan 8, 2021
Motorola today unveiled a full lineup of four new affordable phones, including three g-series models ranging from $169 – $299 and one 5G model for $399. All four feature large batteries (4,000 – 5,000 mAh) and large displays (6.5 – 6.8 inches).
Dec 31, 2020
The MTA today announced that it has completed deployment of OMNY readers system-wide. This means that all 472 subway stations and 5,800 city buses in New York City now accept fare payment by tapping an NFC-equipped phone or smart device with any standard digital Wallet set up.
I've been waiting for this for a !!LOOOOONG!! time. . .
Bring on the future! ! !
And to all you old geeser paranoid type people who unjustifiably worry about "oh but what if I lose my cellphone?" Guess what, you do the same --exact-- thing as if you lose your debit card. Call your banks customer service, cancel the old card, report it lost or stolen, and order a new one. Simple as that. Now stop being paranoid and get back into reality!
And to all you old geeser paranoid type people who unjustifiably worry about "oh but what if I lose my cellphone?"
I am far more concerned with the logistical nightmare of having to update NFC IDs < >...