American Express and IsisTM, the mobile commerce joint venture between AT&T, T-Mobile, and Verizon, have announced an agreement to make American Express' U.S. credit cards available in the Isis Mobile WalletTM. American Express Card members will be able to shop, tap, and pay with their mobile device equipped with near-field communications (NFC) technology, starting in Salt Lake City, Utah and Austin, Texas later this year.
American Express, which has joined the Isis Mobile commerce platform last year, is now adding its cards to the Isis mobile wallet and connecting its merchant network with Amex card members. The Isis Mobile Wallet provides Amex card members with a secure way to pay while taking advantage of loyalty programs with just a tap of their phone.
This announcement puts American Express and Isis in direct competition with Paypal and Google Wallet, heating up the mobile wallet/payments landscape. Michael Abbott, CEO of Isis, called the announcement "a testament to the vision and commitment of American Express to make mobile commerce a real and positive experience for their customers."
The Isis and American Express agreement brings together leaders in the industry to build and grow the next generation of mobile commerce.