Verizon and Payfone to bring new mobile payment system


Verizon Wireless and Payfone announced
the companies are working together to bring a new mobile payment system to
Verizon Wireless customers.



When available, the service will allow
Verizon Wireless 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. 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,” said Greg Haller, marketing vice
president, Verizon Wireless.



“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,” Haller aded.



With Payfone’s unique approach to mobile
payments, operators and merchants are able to complete transactions securely
and accurately. 



Payfone also provides other features
important to consumers and merchants, including intelligent routing,
pre-authorization and authentication designed to reduce the friction and fraud
that affect sales conversion and revenue yield for merchants and operators.



“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. This underscores Verizon Wireless’
dedication to cutting-edge innovation as it stays ahead of the mobile payments
curve,” said Rodger Desai, chief executive officer, Payfone.



By Team