Mobile Payment System ISIS Set to Debut in September

ISIS-mobile-payment-system-debut-NFC-rfid-blogYesterday, T-Mobile announced a software update for the Galaxy S II with ISIS and NFC support, which stirred the Internet.

The new mobile payment system ISIS, supported by the major mobile carriers including AT&T, Verizon, and T-Mobile, is launched in last April, originally set to go live in the first half of 2012. Now, new details claim that it could launch in September.

The Galaxy S II would be the first device to openly support ISIS, but it’s not the only one. According to Bloomberg, ISIS already supports multiple devices so we should be hearing more very soon.

This is the initial supporting devices list for ISIS when (and if) it launches next month.

Verizon:

-DROID Incredible 4G LTE

-Samsung Galaxy S3

AT&T:

-Samsung Galaxy S3

-HTC One X

T-Mobile:

-HTC Amaze 4G

-Samsung Galaxy S3

-Samsung Galaxy S2

You may think that the list is pretty short, but at least it’s a good start for ISIS. Major credit card companies like Visa, MasterCard, American Express, and Discover have already given their approval to ISIS and we expect more down the road.

Unlike Google Wallet, which relies on Google’s servers and the carriers for verification of payments, ISIS is left for credit-card operators to process the transactions rather than the carriers themselves.

Like Google Wallet, ISIS’ system uses NFC in smartphones to make mobile payments. Many modern Android smartphones already have NFC chips, but some phones need updates to support the mobile wallet. The HTC One X already supports the system thanks to an update earlier this month, and the latest update to the T-Mobile Galaxy S II also enabled support for the system.

NFC may very well be a major part of our mobile future, and it’s now up to Verizon, AT&T and T-Mobile to try and prove that.