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