29 Mar '11, 12am

American Express makes digital wallets

American Express makes digital wallets

SAN FRANCISCO : American Express on Monday launched an online financial transactions service that it claims goes beyond what others provide in a market dominated by PayPal. "Serve" went live in the United States and was to expand to other countries in the coming year. "Serve is a new type of payment platform that isn't tied to a single card or mobile operating system," said American Express enterprise growth group vice president Dan Schulman. "We intend to quickly evolve the Serve platform by adding new features and functionality as we learn from consumer and merchant experiences." Serve essentially turns smartphones into digital wallets for people who rely on cash, checks, or bank debit cards. Serve applications were available for iPhones and smartphones powered by Google-backed Android software. The service was also tailored for use at online venues such as social networ...

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

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