Verizon launches mobile payment service for e-commerce

Summary:Verizon Wireless on Monday announced the launch of a mobile payment service that will allow customers to charge online purchases directly to their monthly cellular bill.

Verizon Wireless on Monday announced the launch of a mobile payment service that will allow customers to charge online purchases directly to their monthly cellular bill.

In partnership with e-commerce firm Danal, the BilltoMobile payment service will begin later this spring. Verizon Wireless customers will be able to pay for online content downloaded and consumed from Danal's participating network of e-commerce merchant partners.

The mobile payment service will feature a $25-per-month spending limit for these purchases, along with content and parental controls for individual accounts.

Here's how it works: Consumers click on a BilltoMobile button during checkout at a participating online Web site. After inputting a mobile phone number and billing zip code, a text message is sent to the phone with a one-time passcode. Put the passcode into the online checkout window and the transaction is complete.

The companies say the entire process takes about 15 seconds.

Topics: Mobility, Banking, Enterprise Software, Verizon

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Andrew Nusca is a former writer-editor for ZDNet and contributor to CNET. He is also the former editor of SmartPlanet, ZDNet's sister site about innovation. He writes about business, technology and design now but used to cover finance, fashion and culture. He was an intern at Money, Men's Vogue, Popular Mechanics and the New York Daily Ne... Full Bio

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