Excerpts from Telecoms.com:
Leading US mobile operators AT&T, T-Mobile USA and Verizon Wireless have banded together to build a national mobile commerce network, allowing users to make point of sale purchases using mobile phones.
The joint venture project, known as Isis, will make use of smartphone and near field communication (NFC) technology, delivering new levels of competition and value to consumers and merchants.
Isis is expected to introduce its service in key geographic markets during the next 18 months.
Barclaycard US is expected to be the first issuer on the network, offering multiple mobile payment products, although the mobile commerce network will be available to all merchants, banks and mobile carriers.
Related article: NFC coming to smartphones.