American Express Co. said it will let consumers make purchases on Verizon Wireless devices as the lender competes for mobile payments with rivals including Visa Inc., MasterCard Inc. and EBay Inc.'s PayPal.
AmEx, the biggest credit-card issuer by purchases, will integrate its Serve mobile-payments system into many of Verizon's phones and tablets, the New York-based bank said today in a statement.
The deal with Verizon, the largest U.S. wireless carrier, is the biggest for Serve since a March rollout led by Dan Schulman, the group president of enterprise growth who joined AmEx last year from Sprint Nextel Corp. AmEx struck its first mobile-carrier deal for Serve last month with Sprint, based in Overland Park, Kansas.
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