Payfone Gets $19M, Alliance with American Express

Release Date ‎Apr 13, 2011‎ in Wireless Week

 
   

American Express invests in mobile payments with Payfone

CNET (blog) - Tricia Duryee - ‎Apr 12, 2011‎
Payfone has raised $19 million in a third round of funding. In addition to American Express, Verizon Investments and Rogers Communications are also participating, along with existing investors Opus Capital, BlackBerry Partners Fund, ...

AmEx Dials Up Mobile-Pay Plans

Wall Street Journal - Robin Sidel - ‎Apr 12, 2011‎
American Express Co. is pumping money and technology into a fledgling company that wants consumers to pay for purchases by using their mobile-phone number. AmEx is expected to announce on Wednesday that it is the lead investor in a $19 ...

American Express and Payfone Partner to Deliver New Mobile Payments Platform

MyBankTracker.com - Carolyn Okomo - ‎Apr 14, 2011‎
Late last month we filled you in on American Express' plans to roll out a new product called Serve. Now, AmeEx (NYSE:AXP) will begin a new partnership with mobile payments processor Payphone to create an even more all encompassing mobile payment ...

Amex Grabs a Head Start in Mobile Payments with Payfone Investment

ZippyCart - Michelle Heng - ‎Apr 14, 2011‎
By the ZippyCart Content Team It's been said before and it will be said again many times this yearâ€" the mobile payments market is heating up. With major credit card companies looking to set the standard with their own technology comes American Express, ...

Amex to Partner with Payfone on Serve

American Banker - Will Hernandez - ‎Apr 13, 2011‎
American Express Co. is positioning its undisclosed investment in the mobile payments company Payfone Inc. as the next step in adding additional functionality to the card brand's new Serve digital wallet product. ...

With Payfone, AmEx Bolsters Its Mobile-Payments Initiative

Digital Transactions - ‎Apr 13, 2011‎
Displaying its newfound mobile-payments fervor for the second time in just over a fortnight, American Express Co. on Wednesday announced it was investing in a startup called Payfone Inc. and would integrate Payfone's technology with its new Serve ...

American Express joins mobile-payment movement

Marketplace - Bob Moon - ‎Apr 13, 2011‎
Partnership with Payfone speeds the rush to replace credit card numbers with cell phone numbers. Tess Vigeland: Why use a cell phone for making phone calls when there's so much other stuff you can do ...

AmEx extends financing to mobile payment startup

Debtmerica Relief (blog) - ‎Apr 13, 2011‎
American Express recently gave $19 million to mobile payment firm Payfone in an effort to expand its existing Serve platform, according to a report from the Wall Street Journal. In doing so, it will potentially allow consumers who have credit card debt ...

Payfone Raises $19 Million for Mobile Payments Platform

Digital Media Wire - Mark Hefflinger - ‎Apr 13, 2011‎
New York - Payfone, the provider of a mobile payments platform, announced on Wednesday that it has closed a new $19 million funding round, led by American Express. Verizon Investments, Rogers Ventures and existing backers Opus Capital, ...

American Express And Payfone Make Mobile-Payments Alliance

Signal News - Chilton Tippin - ‎Apr 13, 2011‎
American Express is doubling down on its bet for mobile payments with a recent investment into Payfone, a mobile-payments provider. The investment comes on the heels of American Express's announcement of Serve, a digital-payment platform built on the ...

Payfone Gets $19M, Alliance with American Express

Wireless Week - Monica Alleven - ‎Apr 13, 2011‎
There's no slowing down the mobile payments industry these days. Today, Payfone announced the closing of a $19 million strategic funding round, led by American Express with additional investment from Verizon ...

AmEx to Allow Payments from Mobile Devices

Mobiledia - Kendra Srivastava - ‎Apr 13, 2011‎
American Express announced that it is the lead investor in Payfone, a move meant to give AmEx a piece of the growing international mobile payment market. Payfone can verify a person's identity and credit ...

Payfone raises $19M, partners with AmEx Serve

VatorNews - Ronny Kerr - ‎Apr 13, 2011‎
We've all known for years that paying with a mobile phone would eventually be the standard, but it was always a question of how long it would take. More and more, 2011 is looking like the year things really start moving. ...

American Express bets on Payfone for mobile payments

VentureBeat - ‎Apr 13, 2011‎
Mobile payments is a toughly contested battleground, with everybody from small start-ups to cell phone operators and banks trying to get as big a foothold as possible. One of those start-ups, Payfone, disclosed today a $19 million round of funding and ...

American Express (NYSE:AXP) To Invest In Payfone?

eMoneyDaily - Spike Marshall - ‎Apr 13, 2011‎
It has been reported that American Express (NYSE:AXP) is planning to invest in Payfone, a mobile payments service. American Express (NYSE:AXP) To Invest In Payfone? A recent report says that the credit card giant American Express (NYSE:AXP) is looking ...

AmEx extends mobile checkout reach with Payfone alliance

Fiercemobilecontent - Jason Ankeny - ‎Apr 13, 2011‎
Global financial services provider American Express will integrate Payfone's mobile authorization and payment services into its new Serve digital commerce platform, enabling consumers to buy items from online merchants by entering their mobile number ...

American Express Invests In PayFone, Powers Mobile Payments Plan

Fast Company - Kit Eaton - ‎Apr 13, 2011‎
It was barely a month ago that American Express launched its futuristic mobile payments system Serve, and it's already moving to reinforce it by investing in a small firm that makes mobile transactions cheaper and more secure. ...

Amex makes mobile play with Payfone investment and partnership.

Finextra - ‎Apr 13, 2011‎
American Express has joined a $19 million funding round for m-payments outfit Payfone and formed an alliance with the start-up to build a mobile checkout service. New York-based Payfone offers a checkout and in-app payments service that lets users ...

American Express, Verizon Investments and Rogers Ventures Advance Mobile ...

PR Newswire (press release) - ‎Apr 13, 2011‎
NEW YORK, April 13, 2011 /PRNewswire/ -- Payfone (www.payfone.com), a leading provider of mobile payments, today announced the closing of its $19 million strategic funding round, making it one of the largest mobile payments funding rounds to date. ...

American Express and Payfone Announce Strategic Alliance to Power Global ...

Business Wire (press release) - ‎Apr 13, 2011‎
NEW YORK--(BUSINESS WIRE)--American Express (NYSE:AXP), and Payfone (www.payfone.com), a leading mobile payment processing service, today announced a strategic alliance to create and power a new global mobile checkout service. As part of the agreement, ...

American Express invests in Payfone

Telecompaper (subscription) - ‎Apr 13, 2011‎
Global mobile payments services provider Payfone has raised USD 19 million in a third round of funding. As part of the investment, US financial services company American Express will integrate Payfone's m-payments service into its Serve digital payment ...

Amex invests in mobile payments start-up

Mobile Business Briefing - ‎Apr 13, 2011‎
American Express (Amex) has made another move to strengthen its standing in the mobile payments space, reportedly investing in New York-based start-up Payfone. According to a Wall Street Journal report, Amex will today confirm it is leading a US$19 ...

Amex invests in Payfone to support m-payments

Rethink Wireless - Caroline Gabriel - ‎Apr 13, 2011‎
American Express is stepping up its mobile payments activities as financial institutions and carriers tussle for position in a market that is finally coming alive. The charge card giant is investing in m-payments provider Payfone, ...

American Express Expected to Announce Funding for Mobile Payment Start-Up

Mobile Marketing Watch - ‎Apr 13, 2011‎
According to sources in the know, American Express could announce â€" as early as this morning â€" that it is investing in a new mobile phone payment start-up dubbed Payfone. AmEx is expected to announce on Wednesday that it is the lead investor in a $19 ...

American Express investing in mobile payment start-up Payfone

IntoMobile - ‎Apr 12, 2011‎
American Express may announce on Wednesday it is investing in mobile phone payment company, Payfone. The credit card giant will be the lead investor in a $19 million round of financing secured by the New York-based start-up. ...

AmEx to work with startup on mobile payments

Computerworld - Matt Hamblen - ‎Apr 13, 2011‎
Computerworld - American Express is investing in a startup called Payfone that makes mobile payment technology that uses a person's mobile phone number to authorize payments to merchants based on funds from a user's credit card or debit ...

AmEx to Work with Start-Up on Mobile Payments

PCWorld - Matt Hamblen - ‎Apr 13, 2011‎
American Express is investing in mobile payment technology with start-up Payfone that relies on a person's mobile phone number to authorize payments to a merchant based on funds from a user's credit card or debit account. ...

Mobile payments technology vendor gets $19 million in funding

InternetRetailer.com - Bill Siwicki - ‎Apr 14, 2011‎
A group of investors that includes some big names is betting on the future of mobile payments by investing in Payfone Inc. American Express led the $19 million funding round for the mobile payments technology provider. Other investors include Verizon ...

American Express moves further into mobile payments with Payfone partnership

The Fonecast - ‎Apr 13, 2011‎
American Express, which recently launched its own online payments service for US residents, has now announced a partnership with mobile payment service Payfone. Payfone will combine its mobile authorisation and payment services with Serve, ...

American Express, Verizon Investments and Rogers Ventures Advance Mobile ...

ITNews - ‎Apr 13, 2011‎
American Express, Verizon Investments and Rogers Ventures Advance Mobile Payments Industry with Investment in Payfone - Payfone attracts $19M investment to close one of the largest funding rounds in the mobile payments market-to-date PR Newswire NEW ...

 

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