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Isis Mobile Payment System will debut on October 22nd

Isis Mobile Payment system will officially launch on Monday, October 22nd. This is after its supposed September debut was pushed back for some reason. In the United States, three of the biggest carriers (Verizon, AT&T and T-Mobile) are backing up this system so as far as its future is concerned, it wouldn’t fall short.

For now, there is no sufficient information as to how this system works, or at least, the information shared online by sources claiming to have know-how about it hasn’t been made official by the developer or any of the carriers supporting it. But that doesn’t mean we don’t know a thing or two about it.

Android Authority reported about a couple of days ago that anyone who wishes to use this payment service would have to apply for a special ISIS SIM card from the carriers offering it. The module is said to come packed with a Near Field Communication (NFC) chip probably to add more security to the system. But aside from that, NFC must be the core of operation for such kind of payment mode.

Furthermore, even if Isis Mobile Payment becomes operational next week, not all smartphone users would be able to enjoy the services it offers. There is only a handful of devices capable of catering the needs of this system. Under Verizon network, only HTC Droid Incredible 4G LTE is expected to work with it starting day one. AT&T customers using Samsung Galaxy S III, Galaxy Rugby Pro, Exhilarate, LG Escape and HTC One X are also among the lucky ones. Under T-Mobile’s wings, only Galaxy S III, S II and S Relay 4G owners can apply for ISIS SIM card when it goes official.

To make this new service more attractive to people who might be thinking of using it, they will receive $10 upon ISIS SIM card activation and another $15 extra will be given when users “convert the Isis Cash Card to a reloadable prepaid card.” Both T-Mobile and Verizon have already confirmed this promotion and it is expected AT&T will follow suit.

Contrary to what everyone might think, Isis will start at a smaller scale; the service will launch in just two cities next week. But the good news is, Isis Mobile Wallet can be used for merchants that support the following: MasterCard PayPass, Visa PayWave, American Express, Discover Zip, and Google Wallet.

[source: Android Authority]