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 Verizon Wireless in association with American Express are integrating Serve online payment system for the use in mobile phones and tablets.
Customers may fund their Serve accounts via an existing credit or debit card or checking account, and then make purchases from a mobile device. The payment is authenticated with the user's mobile number.
Besides, customers will be given a Serve card when signing up for the service. This card then can be used for in-person purchases in stores.
American Express and Verizon are working with Payfone to support purchases. Also, Verizon is also ... more →
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 The three largest US banks Bank of America, JPMorgan Chase and Wells Fargo have unveiled their new P2P payments joint venture.
The banks say that their customers will be able to transfer and move funds directly from their existing checking accounts using an e-mail address or mobile number – instead of providing checking account and routing numbers.
The new platform known as clearXchange will be rolled out nationally and it is expected that eventually the service will be expanded to include other financial institutions and endpoints to create a money movement capability across the ... more →
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