Four of the largest credit card issuers in the world -- MasterCard, Visa, American Express, and Discover -- have all announced today that they're joining ISIS, a partnership of American carriers formed last year aimed at bringing mobile payment capability to phones in early 2012. Needless to say, that adds a lot of muscle to ISIS' network now that they've got the most important credit cards tied in and ready to be linked to your phone.
The move definitely complicates the power dynamic in the industry a bit: MasterCard had previously stood on stage alongside Google and Sprint at the Google Wallet event in May. Neither Google nor Sprint have joined ISIS, so it would've stood to reason that MasterCard might be aligning itself in the same camp -- instead, it looks like they'll be hedging their bets by piping into both of the American mobile payment projects with big momentum right now. With Verizon, AT&T, and T-Mobile all on board (and seemingly no exclusivity deal keeping partners from dipping their toes in other waters), it makes you wonder: is Sprint next to join up? And are Visa, American Express, and Discover all ready to play ball with Google to balance out the playing field?
Source: ISIS

Comments
Sw-eeeeeeeee-eeet.
Posted on Jul 19, 2011 | 12:21 PM EDT reply Recommend Flag actions
Sweet is right… Hoping Sprint/Google gets the others onboard… My Cards are all VISA. Sprint is only working with MasterCard right now.
Posted on Jul 19, 2011 | 12:47 PM EDT reply Recommend Flag actions
The way I see it, Sprint only joined Google because they’re like BFF for a while (sorry for the juvenile analogy), they have to do everything together now.
I don’t even know what’s the role of the carriers here, can someone explain it to me?
Posted on Jul 19, 2011 | 12:23 PM EDT reply Recommend Flag actions
The carriers provide the wireless data to keep your credit card balance and transactions up to date. You don’t want the merchant doing that now, do you?
Posted on Jul 19, 2011 | 12:29 PM EDT reply Recommend Flag actions
But what does Archer think of this!
Posted on Jul 19, 2011 | 12:41 PM EDT reply Recommend Flag actions
Mallory or Sterling?
Posted on Jul 19, 2011 | 2:27 PM EDT reply Recommend Flag actions
Par for the course…Industry leader bets on every horse in the race until it can find one horse it can directly influence and control. I am afraid the google wallet/Sprint horse isn’t the thoroughbred of choice.
Hopefully, we consumers will retain the ability to choose.
Posted on Jul 19, 2011 | 12:41 PM EDT reply Recommend Flag actions
what does that mean for NFC-based payment systems? do they adopt NFC or do they build something without NFC?
Posted on Jul 19, 2011 | 12:58 PM EDT reply Recommend Flag actions
What I remember of ISIS from last year is that they want to build NFC equipped SIM cards for phones. I think that is the best option out there since you wouldn’t have to get a brand new phone, just a new SIM with the right smartphone software. (provided it works as easily as dedicated hardware, or close to it)
Posted on Jul 19, 2011 | 1:30 PM EDT reply Recommend Flag actions
That is funny, I just joined the ISIS network last night in Beyond Good and Evil HD!
Posted on Jul 19, 2011 | 1:11 PM EDT reply Recommend Flag actions
Hopefully Google joins them. I like Google Wallet, but I’m not switching carriers just to use it. Especially since I’m in a contract, and Sprint doesn’t work where I live.
Posted on Jul 19, 2011 | 1:11 PM EDT reply Recommend Flag actions
I thought ISIS dropped their wallet plans and that it is just a forum for interfacing standards now?
Posted on Jul 19, 2011 | 3:10 PM EDT reply Recommend Flag actions
This makes a lot of sesne dude. Wow.
www.web-anon-tools.us.tc
Posted on Jul 19, 2011 | 4:26 PM EDT reply Recommend Flag actions
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