AT&T, T-Mobile and Verizon give $100 million boost to Isis mobile payment network

How can you contend with Google’s new Wallet mobile payment system? Well, a $100 million cash infusion certainly could not hurt. AT&T, T-Mobile and Verizon have intends to invest that amount in Isis, sources told Businessweek. That sum will probably grow, since dealing with Bing is no small task, especially thinking about Wallet has already been off the floor, with countrywide retail partners and support for MasterCard PayPass. Though Isis first made its debut this past year, Google Wallet, that was introduced in May, has clearly taken charge. Isis is nothing more than a high-level website at this time, though with three from the nation’s biggest service providers supplying support, it might are able to trap up — particularly if the service providers elect to not partner with Google, departing Sprint because the sole wireless provider. We are glad to determine some potential healthy competition for Wallet, especially thinking about it was searching like Google was poised to produce a monopoly. We expect a lot more in the future about the Isis front, but meanwhile, hold onto individuals purses — mobile phone obligations might be inside your future, but for the time being, paper and plastic are where it’s at.