Payfone Rides The Mobile Commerce Wave With $11M in Series B Funding

Payfone, a mobile payments operator, is well on its way to growth following a $11M Series B financing round from Opus Capital, BlackBerry Partners Fund and RRE Ventures. Payfone’s unique approach to mobile payments is in alignment with the future of mobile commerce, providing a secure and dynamic transactional infrastructure for merchants and one-click purchase options for consumers. Under the terms, Bob Borchers of Opus Capital and Kevin Talbot of BlackBerry Partners Fund will join as Payfone board members.