Verizon, AT&T, T-Mobile want to turn your phone into a wallet


Posts: 152   +0
Three major US wireless carriers have announced a joint venture dubbed Isis that will allow customers to pay for goods and services with their mobile phones. Verizon Wireless, AT&T Mobility, and T-Mobile USA want to compete with credit card companies by using near-field communications (NFC) technology.

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I guess the U.S. is just a little bit behind in terms of mobile technology.

"Little" being six years or so. Osaifu-Keitai, anyone?

Well, I guess better late than never.


Posts: 3,825   +1,690
I swear Nokia already make a phone that does this? I remember seeing it on "The gadget Show" on Five?

Might have to look for a Link to it somewhere!


There has already been technology out there that uses NFC.. Remember when they came out with a credit card that all you had to do was wave in front of a scanner rather than swipe or have someone swipe your card. That didnt catch on very well and is virtualy useless in most places just because people dont use it or there card companies dont offer it. Im just curious to know how secure it is in the sense that your transmitting data wirelessly and with that information can just be grabbed out of thin air.


They're still fully deployed at U.S. McDonald's restaurants, with support for cards from all four card networks. (Whether or not those cards exist in the market is a different question.)