Verizon Wireless and Payfone are working together to bring a new mobile payment system to the former's customers. The US wireless operator recently joined American Express in a $19 million funding round for Payfone, a New York-based mobile payment processing service.
The new service 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.
"Our relationship with Payfone complements the part of the mobile payments equation we're already working on with our Isis joint venture," says Greg Haller, marketing vice president at 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."
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