Sunday, June 12, 2011

Verizon Wireless to Offer Mobile Payments via Payfone

Verizon Wireless is preparing to launch a new service that will allow customers to make online purchases from their smartphones, tablets and PCs using numerous payment methods, including charging purchases to their monthly wireless statements or using traditional payment methods through financial institution partners. The service will be powered by Payfone.


"Our relationship with Payfone complements the part of the mobile payments equation we're already working on with our Isis joint venture," said Greg Haller, marketing vice president, Verizon Wireless. "We approach the mobile payments arena from a customer's perspective. As we move forward, the most important goals will be security, privacy and simplicity. Through our relationship with Payfone, we will be able to quickly offer value to our customers by offering them greater choice and a simple, safe and secure purchasing experience when shopping online from their smartphones, tablets and PCs."


We are pleased to be working with Verizon Wireless to deliver a new level of convenience, security and flexibility to their customers and to boost revenue and conversion for operators, merchants and publishers," states Rodger Desai, chief executive officer, Payfone. "This underscores Verizon Wireless' dedication to cutting-edge innovation as it stays ahead of the mobile payments curve."http://www.verizonwireless.com
http://www.payfone.com/

  • Payfone is a member of the GSMA and is based in New York, NY. The company was founded in March 2008 and is backed by American Express, Verizon Investments, Rogers Ventures, BlackBerry Partners Fund, Opus Capital, and RRE Ventures.

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