Verizon Teams Up with American Express to Offer Mobile Payments Solution 2011

 

American Express and Verizon Wireless have just announced that they have signed an agreement to offer customers the former's Serve payment system on their mobile phones and tablets.

With American Express' new digital payment platform called Serve, the carrier's customers will have access to simple and easy mobile payments.

Under the agreement, Serve digital payment and commerce platform will be integrated on many Verizon mobile phones and tablets over the coming months.

Although the service is not available yet, Verizon customers will be able to create Serve accounts that will enable them to make payments and redeem offers for goods and services directly from their mobile phones and tablets, as soon as the service goes live.

According to American Express, its Serve digital payment service makes it easier for customers to complete a mobile transaction, as the system authenticates a mobile number, then allowing a customer to make a purchase on-screen.

Furthermore, merchants who accept Serve mobile payments will be offered with an array of options for processing and settlement.

It appears that the Serve card is currently accepted by the majority of merchants in the United States who accept American Express.

“Our collaboration with Verizon highlights the speed at which Serve is evolving to reach a wide audience. Verizon Wireless customers will soon be able to complement their busy lifestyle with a trusted payment platform that delivers a fast, flexible and secure way to manage their day-to-day mobile purchases, and together we're taking the necessary steps to make mobile commerce a reality,” said Dan Schulman, group president, Enterprise Growth, American Express.

In addition, American Express and Verizon also announced that they have teamed up to source, distribute and simplify redemption of online and mobile offers with participating merchants through the use of the Serve accounts.

On related news, the two giants are also collaborating with Payfone to support Serve checkout on Verizon Wireless devices.

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