According to a new report from venerable news giant Bloomberg, Isis is finally set to launch next month.
The mobile-payment joint venture spearheaded by AT&T, Verizon Wireless and T-Mobile USA Inc. has been in development for months, but repeated setbacks that began in 2011 have continued to hobble the long-awaited launch.
But according to the Bloomberg report, VeriFone Systems Inc. is preparing for an introduction in Salt Lake City and Austin, Texas, next month. That information comes straight from VeriFone’s Chief Executive Officer Doug Bergeron.
Isis, which will let users pay for items at stores using their mobile phones, had previously planned to roll out the service in the first half of 2012. The joint venture tweaked its strategy last year, opting to use credit-card companies to handle transactions rather than the carriers themselves, and it’s taken time to ensure that payments can be made securely.
“The focus has been: Get it right, make sure it’s secure,” Brad Duea, senior vice president of product management at T-Mobile USA, adds.
So will Isis get it right? It looks like we will find out next month.