Isis, the joint venture between three leading US mobile operators, has reached agreement with Chase, Capital One and Barclaycard so that their credit, debit and prepaid cards will be placed in the venture’s mobile wallet, it has announced at Mobile World Congress.
Consumers who hold accounts with the three banks will be able to put their cards into an Isis mobile wallet and shop at participating retailers when the venture’s service launches in mid-2012, starting in Salt Lake City, Utah, and Austin, Texas.

The announcement with the three financial institutions follows the announcement by Isis in July 2011 that it would work with the top four US payment networks: Visa, MasterCard, Discover and American Express. Isis’s relationship with the four payments networks means banks can enable any major payment card and put it inside the mobile wallet.

The Isis mobile wallet will offer the ability to pay, redeem coupons and accrue loyalty points. Chase, Capital One and Barclaycard will tailor their card services for the new mobile wallet.