Verizon, Payfone partner for mobile payments – Mobile Commerce Daily – Mobile
Verizon Wireless has partnered with mobile payment processor Payfone that will allow the carrier’s customers to make online purchases from their smartphones, tablets and computers.
The partnership, which is planned to go live later this year, will allow Verizon to beef up its mobile payment offering, a recent example of which was the deal with USA Technologies to enable point-of-sale payments at vending machines via credit and debit cards. Payfone also recently used its mobile technology to work with American Express’ digital payments platform, Serve.
“Payphone’s goal is to drive the phone number as the universal way to pay for things from mobile devices by using secure networks, and this partnership with Verizon only furthers our belief,” said Rodger Desai, co-founder and CEO of Payfone, New York.
Verizon is one of the nation’s leading carriers, serving 104 subsidiaries.
Payfone authorizes and processes mobile payment transactions for merchants and carriers by leveraging carrier networks.
“When both solutions are fully deployed, our customers won’t need to make conscious choices about which payment method to use,” said Jeffrey Nelson, executive director of corporate communications at Verizon Wireless, Basking Ridge, NJ.
“This will occur automatically in an easy and secure transaction with one click on the phone,” he said.