"Relationships with all four payment networks means that with Isis-enabled phones and payment terminals in place, merchants and consumers will have ubiquity and freedom of choice when it comes to payment network acceptance," says the company.
Isis, the NFC joint venture between AT&T Mobility, Verizon Wireless and T-Mobile USA, has announced that it has formed business relationships with Visa, MasterCard, Discover and American Express — all four of the major US payments networks.
"Isis' relationships with all four payment networks means that with Isis-enabled phones and payment terminals in place, merchants and consumers will have ubiquity and freedom of choice when it comes to payment network acceptance," says the company.
"Since the formation of Isis in November, we have been committed to building a mobile commerce platform that aligns and advances the interests of consumers, merchants and banks," said Michael Abbott, chief executive officer for 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."
"Today's announcement underscores Isis' inclusive approach, providing all critical stakeholders — banks, merchants and consumers — with the freedom and choice necessary to foster a robust new industry and make mobile commerce a reality," the company adds.
"Visa has long championed an open approach to mobile commerce that allows consumers to choose which account they want to enable for mobile payments," said Joe Saunders, chief executive officer of Visa. "We are committed to working closely with Isis, handset manufacturers, platform providers and financial institutions to offer consumers a suite of mobile services — mobile payments, coupons tailored to location and lifestyle, real time account information and more."
"We fully support an open commerce ecosystem which will drive the scale necessary for widespread adoption of mobile payments, providing consumers with exciting new possibilities for shopping and saving," added Ajay Banga, president and chief executive officer of MasterCard Worldwide. "Our work with Isis reinforces MasterCard's commitment to the continued development, innovation and evolution of mobile payments technologies."
"Discover has been working with Isis from the start to facilitate mobile commerce, which will provide added convenience and benefits to consumers while delivering increased loyalty and sales to merchants," said David W Nelms, chairman and chief executive officer of Discover. "Isis' open strategy is the right approach to establishing a highly secure environment for mobile commerce that will be achieved through the participation of banks and payment networks like Discover."
"Isis is able to bring choice and opportunity to mobile commerce by helping cardmembers bring the cards in their leather wallet onto their mobile device," added Bill Glenn, president of American Express' Global Merchant Services. "This relationship is another way for American Express to expand the digital experience in the social marketplace. As the line between online and offline continues to blur, American Express is leveraging our digital closed loop to help connect our merchant network with our cardmembers in any environment."