PayFone Introduces One-Touch Mobile Payment Service
PayFone, a mobile payments company that has spent three years in stealth, today revealed its inter-carrier network-based payments platform. It streamlines how consumers use their mobile phones to make payments in app stores and social games, intending to offer one-touch purchases, variable billing schemes and price points, and improved billing transparency.
It also announced an $11 million second round of funding from Opus Capital, BlackBerry Partners Fund and RRE Ventures. The promise is that the company will help users make quicker, more easily tracked payments, which in turn benefit companies offering PayFone as a payment option.
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