Today in Mobile

AT&T, T-Mobile USA and Verizon Wireless today took the wraps off ISIS, a long-rumored mobile payment service that will use NFC (Near Field Communication) to support transactions at the point of sale. The initiative is notable for its sense of collaboration among carriers — a rarity in a space where an inability to play nice contributed to the death of Simpay several years ago. ISIS faces some serious hurdles, though, including the steep costs of building a mobile payment infrastructure; the cost of adding NFC chips to phones; and the sheer lack of demand by consumers for an alternative payment system at retail counters. So don’t expect to see much uptake of this stuff for quite a while.