US three operators invest 100 million dollars to develop mobile payment technology

Xinhua News of Beijing Time August 29, according to people familiar with the matter, Verizon Wireless, at&t and t the US plan to invest more than $100 million in their mobile payment joint venture, and compete head-on with companies such as Google, which provide mobile payment services. Investment-specific quotas will depend on the number of banks and business partners that ISIS attracts, according to people familiar with the matter.　　If progress is made, the three major operators are likely to invest hundreds of millions of of dollars in ISIS to catch up with Google, which launched its mobile wallet service this May. The three major operators set up such a joint venture to capture a share of the mobile business market.　　The global mobile payment market is 240 billion trillion dollars this year and will reach $670 billion by 2015, according to Juniper Research, a US marketing firm. "In the long run, operators have to create new businesses and create value through other channels," said Chetan Sharma, an independent analyst Chetan Charmas in the US mobile industry. The fact that users will be able to launch more deals via mobile phones will create a new source of revenue for them. In addition to the mobile payment service, ISIS, which was set up last year, also allows users to collect and redeem coupons via mobile devices.　　If a merchant wants to send a coupon to a user's mobile phone through the service, it will need to pay a certain fee to ISIS. The service will be released in several U.S. cities next year. Jaymee Johnson, ISIS marketing director, said: "ISIS will continue to Jemi Johnson in some key markets, including Salt Lake City and Austin, as planned in early 2012 to the middle of the year."　　But he declined to comment on the operator's investment. At&t and T U.S. spokesmen declined to comment. At&t announced earlier this year that it had spent $39 billion to buy t the US, but the deal is still awaiting regulatory approval.　　Verizon has not yet made a response.　　ISIS is also building a relationship with the financial industry and has been working with Visa, MasterCard, Discover Financial Services and American Express. The pursuit of Google insiders said ISIS is likely to speed up the pace of service delivery in order to compete with rivals.　　Google is transforming cash registers for businesses to help them compatible with Google Wallet (Google Wallet) services. Visa, the world's largest credit card network operator, is expanding this area.　　In addition to supporting ISIS, the company is developing its own mobile payment services and has recently introduced incentives to encourage U.S. businesses to adopt new credit card-paying terminals that are compatible with mobile payment services. ISIS hopes to overtake rivals with existing channels and customer relationships。 The three operators are likely to sell their handsets to support ISIS in the pilot city's business hall. "We have not yet announced a nationwide release plan," Johnson said. "Operators may also be able to preinstall ISIS software to the phone, thereby increasing the convenience of the service."　　They may also encourage handset makers to use ISIS software. Samsung and RIM will launch mobile-payment-enabled handsets. Juniper research predicts that by 2014, at least one-fifth of the world's smartphones will be implemented via NFC (Near-field communications) technology for mobile payments. (Si yuan)