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By Scott Thompson

US contactless mobile payments venture Isis has brought onboard Visa, MasterCard, American Express and Discover.

Isis is a joint venture between AT&T Mobility, T-Mobile USA and Verizon Wireless. “Since our formation in November, we have been committed to building a mobile commerce platform that aligns and advances the interests of consumers, merchants and banks,” says Michael Abbott, CEO at Isis. “By working with the nation’s payment networks - Visa, MasterCard, Discover and American Express - we significantly advance the vision of an open and secure platform that provides banks and merchants with a new and highly relevant way to connect with consumers.”

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Other stories you may find of interest:

EPC report shows mobile opportunity, while Ovum warns of security
The rapid development of mobile payments is illustrated by two new reports – one from the European Payments Council shows how mobiles can be used as a launch pad for SEPA; the other is from analyst firm Ovum, warning of the need to improve security

Contactless payments get EPC boost
The provision and lifecycle management of banks’ mobile contactless payment applications when integrated with a mobile phone have been set out in a European Payments Council (EPC) and GSMA joint paper

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