American Express continues its push into the emerging space of mobile purchasing, making a $19 million investment in mobile-payments provider Payfone.
This story incorrectly referred to Payfone as a manufacturer of point-of-sale terminals. The actual payment terminal company is Verifone.
The wireless company says it will partner with mobile payments start-up Payfone. Customers can charge items via devices to their monthly wireless bill or through a credit card.
Verizon customers will be able to make purchases on their phones by typing in their phone number.
The carrier is allowing customers to make purchases on the phone and have the charge sent to their cellphone bill.
There's still a lot of work to be done to get consumers aware of the benefits of paying with a smartphone, the head of Visa's mobile business tells CNET.
The company will focus on early-stage start-ups looking to address mobile payments, security and other digital services.
A who's who of the most recent partnerships for the hot, and rapidly growing, mobile payments sector.