Isis, a mobile-payment system borne from the now-popularly-known Near Field Communication (NFC) system, will be launching in September.
The announcement comes from a company closely linked to the venture, reports Bloomberg.
According to the publication, VeriFone Systems Inc Chief Executive Officer Doug Bergeron told them that the Isis system will be piloted in two US cities this coming month.
VeriFone makes point-of-sale terminals that are equipped to take payments from Isis smartphones.
The pilot run of the project is expected to be done in Austin, Texas and in Salt Lake City, Utah.
The revelation from VeriFone chief comes after Isis has had delays for its launch.
Originally, the system was supposed to have already been deployed during the first six months of the year, Bloomberg says.
However, the launch was delayed as the venture changed its previous plan of having mobile networks process the payments.
Now, Isis will use credit card companies to process payments, the publication says.
Last year, major device makers like HTC, LG, Motorola, Research In Motion, Samsung and Sony gave support to Isis.
Major backers of Isis are AT&T, T-Mobile and Verizon which infused $100 million in the venture last year.
Image from Phil Roeder on Flickr (CC)