Just off the announcement that Apple didn't include the technology in its new iPhone, Isis, the NFC mobile payment joint venture between AT&T Mobility, Verizon Wireless and T-Mobile USA, has admitted that its long-awaited mobile payment product will be delayed — again. The company has indicated the launch won't happen in September, as expected, but may happen in October.
While Isis has never confirmed exactly when it would launch its mobile payment product, expectations were high that it would finally begin its pilot phase this September with Salt Lake City, Utah and Austin, Texas as test cities.
Announced two years ago, the joint venture between three of the four largest carriers in the U.S. was supposed to usher in a brand new world of mobile payments, leveraging the carriers' combined customer base of 200 million subscribers. The partner carriers have reportedly allocated $100 million to the venture.