Hi all,

FYI. Please use the link to reach the entire article.

Take care,

Jay

Isis Plans Mobile Payments Launch in Austin

By REUTERS, June 22, 2011, (Reporting by Sinead Carew; editing by Gerald E. McCormick)

http://www.nytimes.com/reuters/2011/...gewanted=print

NEW YORK (Reuters) - Isis, the mobile payments venture of three top U.S. wireless network operators, said on Wednesday that Austin, Texas, would be among its initial service launch markets in the first half of 2012.

The venture of Verizon Wireless, AT&T Inc and T-Mobile USA is developing a service to let consumers pay for goods by waving their mobile phone, in place of their credit card, at a check-out terminal.

Isis will compete with Google Inc, which plans to bring out a mobile payments service this summer in conjunction with MasterCard Inc, Citigroup and Sprint Nextel Corp, the No. 3 U.S. mobile service.