The Isis mobile payments JV is delaying
its service launch again, and isn't explaining why. Isis was formed by AT&T, Verizon, and T-Mobile, who were scared of getting left out of a mobile payments boom as Square, Google, and PayPal staked their claims. But like Google Wallet
, Isis' reliance on NFC technology could get in its way, especially now that Apple has disclosed the iPhone 5 doesn't contain
an NFC chip. VeriFone (PAY
) is handling payment processing
for Isis, which initially launches in just 2 cities.