American Express and Payfone Announce Strategic Mobile Checkout Alliance

American Express and Payfone have announced a strategic alliance to create a new global mobile checkout service.

“This alliance brings together Serve’s unified online, mobile and real-world functionality with Payfone’s advanced mobile authorization and payment services to deliver a seamless payment solution,” said Dan Schulman, Group President, Enterprise Growth, American Express. “The alliance is an important next step for the international roll out of Serve. We look forward to working with Payfone as we evolve the Serve platform to provide the most advanced payment solutions for buyers and sellers, while setting new standards in security, simplicity and reliability.”

In related news, Payfone announced a $19 million round of funding from American Express, Verizon Investments, and Rogers Ventures.