The contract with the above said payment systems providers will help expedite the wide scale introduction and adoption of mobile commerce, said the company.

VeriFone executive vice president North America Jennifer Miles said NFC-enabled payments allow merchants to engage their shoppers in new and powerful conversations, and Isis’ open platform and scale are helping make mobile commerce a reality.

"VeriFone retail customers are already embracing the convergence of online shopping and the physical point of sale with new mobile payment options, digital couponing, loyalty, location-based social media and value-added services," said Miles.

Isis mobile commerce will be introduced by payment device suppliers across several of their product lines, offering flexibility to merchants to upgrade to Isis-enabled payment terminals.

Isis-enabled can be achieved by merchants through a combination of new payment acceptance systems and NFC add-on devices, as well as remote software upgrades of certain devices already in the field.