MALVERN, PA -- Isis, an emerging mobile payments service, has contracted with cashless vending specialist USA Technologies to promote use of Isis's near-field communications technology in vending machines.
According to an SEC filing, USAT and Isis -- a joint venture involving AT&T Mobility, T-Mobile USA and Verizon Wireless -- entered into a marketing agreement in which they will work together to solicit vending operators to combine use of USAT's ePort products and Isis mobile payments technology on their machines. They will target vending operators in and around Austin, TX, and Salt Lake City.
Under terms of the agreement, Isis will pay USAT a subsidy for every ePort-equipped vending machine that is able to accept Isis Mobile Wallet, an NFC technology for contactless point-of-purchase sales, by Dec. 31, or possibly up to Mar. 31, if both companies agree to an extension. Isis will pay subsidies for up to 7,500 vending machines.
Isis reported in September that it was ready to launch its mobile payments service, which works with smartphones, the same month. Retail trials are supposed to be happening in same cities as the vending program. | SEE STORY