8/2/2011

American Express has entered into an agreement with Verizon Wireless to give the carrier's subscribers access to its Serve mobile-payments system. The solution initially will enable users to transfer money between Serve accounts, but the companies are said to be working on a system that would support in-store, point-of-sale purchases. The Verizon deal is the second for Serve; in July AmEx signed a similar agreement with Sprint.

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