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Payfone

Welcome to the News View for "Payfone".

Here, on these archive pages, you'll find all of the articles on Payments News for Payfone listed in date sequence beginning with the most recent article at the top of the page.

Click here for a complete listing of what's available in the Payments News Archive - organized by both posting date and subject category.

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October 28, 2013

Headline News from PaymentsNews.com - October 28, 2013

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Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Find something interesting to share? Tell us about it: gotnews@paymentsnews.com!

October 08, 2013

Early Warning, Payfone Partner for Mobile Authentication Services

Early warning logo 140pxIn a press release this morning, Early Warning says that it "has taken steps to dramatically advance the state of mobile authentication technologies.

Through an equity investment and commercial agreement with Payfone, a leading mobile authentication company, Early Warning will now provide carrier-based device and account owner identity authentication combined with unrivaled financial transaction and identity data, ensuring a secure and seamless mobile experience for financial services customers. ... Through the services to be offered by Early Warning, financial institutions and payment processors gain a higher level of identity and device confidence to more assuredly authorize mobile transactions and protect carrier subscribers."

Paul Finch, CEO of Early Warning, said:

“The current authentication system must do more to protect the consumer and the global financial system as mobile has become a critical channel for banking and commerce. Passwords, knowledge-based questions and even device-centric security are insufficient protection from malware and identity-related breaches. The traditional convenience versus security trade-off has reached its limit. Now, through real-time integration with mobile carriers via Payfone, Early Warning provides an entirely new level of mobile security while delivering a streamlined mobile experience.”
By integrating with the network-based authentication capabilities of tier one mobile carriers via Payfone, Early Warning will provide a deterministic level of mobile identity that it says "far surpasses traditional and device-centric authentication measures." By leveraging the same SIM card-based network authentication that mobile operators use to secure their own services, Early Warning can verify account logins and financial transactions with more precision and convenience. Furthermore, common events such as managing lost and stolen phones, changing mobile carriers and porting phone numbers are managed in real-time without involvement from the consumer.

“The Internet has no identity infrastructure in its plumbing, while the mobile carriers authenticate identity in real-time for billions of consumers based on global GSMA and CDMA standards. Payfone brings this deep network-based identity authentication that effectively underwrites more than $300 billion in telecom services annually to financial institutions. It was only a matter of time that these two worlds converged,” said Payfone CEO Rodger Desai.

February 01, 2013

Glenbrook White Paper - Mobile Remote Commerce

GP Logo Horizontal 140px Glenbrook's Bryan Derman and Carol Coye Benson have published a white paper entitled, "Mobile Remote Commerce: Addressing the Challenges". The white paper explores the unique aspects of payment fraud in remote mobile commerce, and examines how Payfone combats this new form of fraud while streamlining mobile checkout for the buyer.

The freely-available white paper can be downloaded here.

September 13, 2012

Payfone To Launch Mobile Commerce Checkout Solution

Payfone logo 140pxPayfone has announced '1 Touch Checkout', a "new mobile commerce checkout solution that connects shoppers’ mobile identities with their payment instruments to enable the easiest, fastest and most secure mobile commerce checkout experience possible." Payfone also announced that CardinalCommerce has joined the Payfone Ecosystem as its channel partner.

June 27, 2012

CorFire and Payfone to Deliver Frictionless Mobile Commerce to Merchants

CorFire logo 05 13 11CorFire and Payfone have announced plans to integrate CorFire’s mobile wallet application, CorPay with Payfone’s remote mobile commerce solution.

“By integrating Payfone’s technology with CorFire’s mobile offerings, we streamline mobile commerce for the retailer and provide a secure channel for consumers to fully leverage mobile,” said Jon Squire, CMO of CorFire. “The process eliminates lengthy account entry and ensures the legitimate end-user is in possession of the phone where the merchant m-commerce app is installed.”

August 24, 2011

August 15, 2011

Fortumo Selects Payfone to Power Mobile Payments

Payfone logo 140pxPayfone has announced that Fortumo has selected it to power the direct billing option for its in-app purchasing SDK.

This direct billing mobile payment method offers better reliability and higher security as well as better payouts for developers. Through the partnership, Fortumo's clients will be able to provide consumers with the ability to make safe and secure mobile payments in real-time from any device, such as PC, smartphone, tablet or Wi-Fi.

August 02, 2011

T-Mobile USA to Extend Direct Carrier Billing to Digital Content and Services

T mobile logo 140x60T-Mobile USA has announced Direct Carrier Billing, "a nationwide purchasing program to provide customers the convenience of securely purchasing digital content and services from their web-enabled device. With Direct Carrier Billing, T-Mobile customers can conveniently charge online purchases of digital games, gaming and social networking credits, music, videos and other digital content offerings directly to their existing T-Mobile account right from the Web browser of their connected device – whether a PC, smartphone, netbook or tablet."

T-Mobile Direct Carrier Billing is initially available via BilltoMobile, Boku, OpenMarket, Payfone, and Zong.

June 13, 2011

Verizon Wireless and Payfone Power New Mobile Payment Solution

Payfone logo 140px Verizon logo 140px Verizon Wireless and Payfone have announced the "companies are working together to bring a new mobile payment system to Verizon Wireless customers. When available, the service will allow Verizon Wireless customers to make online purchases from their smartphones, tablets and PCs using numerous payment methods, including charging purchases to their monthly wireless statements or using traditional payment methods through financial institution partners."

April 13, 2011

American Express and Payfone Announce Strategic Mobile Checkout Alliance

Payfone logo 140pxAmex logo 140pxAmerican 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.

August 02, 2010

Payfone Closes $11M Series B Financing

payfone_logo_70px.pngPayfone has announced the closing of its $11M Series B financing round with investments by Opus Capital, BlackBerry Partners Fund, and RRE Ventures. Bob Borchers of Opus Capital and Kevin Talbot of BlackBerry Partners Fund will join Payfone’s Board of Directors.

Payfone has built the world’s first and only mobile payments platform that leverages the capabilities of existing inter-operator networks. Designed from the backbone of the mobile operator network, Payfone uses signaling and global operator standards to deliver advanced payment and billing capabilities that meet the needs of today’s mobile ecosystem.
The Wall Street Journal has the backstory on Bob Borchers role. Essentially, this is his first investment since leaving his position at Apple as Sr. Director of Worldwide Product Marketing for the iPhone. READ MORE »

September 01, 2009

Beyond Games - A Look at Payfone

Over on PaymentsViews.com, Glenbrook's Carol Coye Benson takes a look at mobile payments provider Payfone.

"Instead of using SMSs and short codes like ringtone merchants and existing bill-to-carrier payment providers, Payfone operates within the carrier signaling network, a global network that allows carriers to communicate and exchange information between each other." Read the full article here.

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