The ISIS mobile payment initiative has announced its first launch market in Austin Texas. The agreement for the service was reached in conjunction with the Austin Chamber of Commerce along with local businesses and franchises. The deal also includes availability of compatible hardware in the first half of 2012. This follows the near collapse of the initiative due to recent changes in banking rules that ironically went into effect weeks before the initiative was due to begin its first trials in Salt Lake City and subsequently led to carriers favoring their own internally developed solutions instead of large-scale partnerships.
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By Humberto Saabedra on June 22, 2011