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Secure Transactions News

Verizon to propose a mWallet on its own

Thursday 23 June 2011

When available, the service will allow Verizon Wireless mobile shoppers to perform one-click payments. The option would let consumers place digital goods on their monthly bills or link their payment service to a credit card account. Any Verizon customer accessing a mobile shopping site with a mobile browser would have access to the payment method.

Verizon expects to build upon its relation with Payfone to quickly offer its customers a simple and secure solution when shopping online from their smartphones, tablets and PCs.

Verizon executives declared this solution does not come in competition with the developments under way with Isis, the joint venture between major US network operators.

Payfone recently set up a strategic alliance with American Express for a new global mobile checkout service (cf. Smart Insights Weekly #11-16). The service allows users to create a mobile shopping cart product that lets consumers pay for online purchases using their mobile phone number and link their mobile numbers to accounts on American Express' Serve network.