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!

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

Tags american expressMobile and WirelessMobile Apps and Servicesat&tfinanceindustry verticalsFinancial 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

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

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.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

David Coyle

Brother PocketJet PJ-773 A4 Portable Thermal Printer

I rate the printer as a 5 out of 5 stars as it has been able to fit seamlessly into my busy and mobile lifestyle.

Kurt Hegetschweiler

Brother PocketJet PJ-773 A4 Portable Thermal Printer

It’s perfect for mobile workers. Just take it out — it’s small enough to sit anywhere — turn it on, load a sheet of paper, and start printing.

Matthew Stivala

HP OfficeJet 250 Mobile Printer

The HP OfficeJet 250 Mobile Printer is a great device that fits perfectly into my fast paced and mobile lifestyle. My first impression of the printer itself was how incredibly compact and sleek the device was.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?