Payment venture will use Discover's network

11/17/2010 | Reuters

AT&T, T-Mobile and Verizon Wireless have announced a payment joint venture called Isis, which will use the national payment network of Discover Financial Services. Isis said Barclaycard, a division of Barclays, likely will be the first lender to offer mobile-payment products through the system. The move is an effort to take market share from Visa and MasterCard.

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