Amex, Verizon Wireless to offer mobile payment

Online purchases supported through Serve platform

Verizon Wireless and American Express will integrate the Serve online payment system over mobile phones and tablets in coming months, the two companies announced Monday.

The Serve system allows customers to load up funds on a Serve account using 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, according to the companies.

Customers will also receive a Serve card by signing up for service; the card can be used for in-person purchases in stores. The Serve system does not rely on NFC chips in phones for physical purchases.

American Express and Verizon are working with Payfone to support purchases. Also, Verizon is still actively involved with Isis, a joint venture with AT&T and T-Mobile to test and deploy NFC phones for payments, a Verizon spokesman said.

The spokesman also said that Serve will help the carrier improve online mobile payments, which are growing by 30 per cent a year.

Even though Serve customer pre-loads funds into the Serve account, charges can appear on a customer's phone bill.

Serve plans to charge a fee for transferring funds from a credit card to a Serve account starting Jan. 1. That fee will be 2.9 per cent of the amount transferred, plus 30 cents per transfer, according to the Serve Web site. Cash from an ATM to the Serve account will be free for the first withdrawal a month, then $2 thereafter.

Matt Hamblen covers mobile and wireless, smartphones and other handhelds, and wireless networking for Computerworld. Follow Matt on Twitter at @matthamblen or subscribe to Matt's RSS feed. His e-mail address is mhamblen@computerworld.com.

Read more about mobile apps and services in Computerworld's Mobile Apps and Services Topic Center.

Join the newsletter!

Or
Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags financeFinancial Servicesindustry verticalsat&tamerican expressMobile and WirelessMobile Apps and ServicesVerizon Wireless

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Matt Hamblen

Computerworld (US)
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?