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Verizon Partnering with Payfone for Mobile Payments

Jun 10, 2011, 2:50 PM by Eric M. Zeman

Verizon Wireless plans to expand the capabilities of its BilltoMobile service through a new partnership with Payfone. Payfone is a privately-held company that creates mobile payment systems and forges relationships with online merchants. The partnership will allow Verizon Wireless customers to purchase virtual goods online directly from their handsets and have their Verizon Wireless accounts charged. Merchants that partner with Payfone will place a "buy" button on their mobile web sites that when clicked will make the purchase happen. In order to purchase more expensive, physical goods, users will have to link a credit card to the account. Verizon plans to launch the service later this year, and said it will be compatible with all its handsets that have mobile web browsers. No software updates will be needed. Verizon hopes the expanded presence and capabilities of this system will help it to grow more quickly. Verizon is also part of a multi-carrier initiative called ISIS, which will use NFC (near-field communications) for tap-and-go mobile payments.

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Comments

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This forum is closed.

crazieglued

Jun 10, 2011, 9:58 PM

Support Nightmare

2 words: Billing Nightmare.

cutboy1985

I doubt it. More likely a password will have to be entered to authorize the transaction.

...

Jayshmay

Jun 10, 2011, 3:30 PM

Thats verrrry good that no software update is necessary

Definetly a good thing that no software update is necessary. Hopefully Vzn will get Amazon on board.

cutboy1985

Amazon already have a quick payment option. The 1-click buy option. Just have to be logged-in. VZW is doing the same thing basically but only they will store your credit card on file that will be charged for the transaction.

pickles

Jun 11, 2011, 1:31 PM

I can hear the customers calling CS now

"I didn't purchase anything! You need to take these charges off of my bill right NOW!!!!!!1"

cutboy1985

Its not going to be added to their bill. The customer will have to put a credit card on file that will be charged for the purchases.

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