The Isis mobile payment system has shelved plans for creating their own network, likely because it will just cost them far too much in the long run. The payment system so far has been a standalone service that was created by both AT&T and T-Mobile before the acquisition. This will utilize the Discover payment network and will allow for users to more easily make small purchases through their mobile devices.
Although the plans to release the payment system are still on schedule, they have scrapped plans to create a network of their own. The Wall Street Journal recently released an article in which they quoted multiple sources that stated that they were going to be ending their plans for creating their own network.
The idea of the Isis mobile payment system is that it will provide users with a mobile wallet of sorts that will allow for them to pay for small ticket items quickly using their mobile device. The device should also be able to provide users with personalized coupons that come straight from the mobile device itself.
Look for Isis to release more information about their service moving forward. So far the companies have been tight lipped regarding their plans for the payment portal. They are working on a swipe to buy proposition that will allow for users to make payments directly from their mobile device and will also provide them with a card to swipe through credit card machines until technology is made available to move away from this.
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