As seen in the New York Daily News.
Next time you’re getting ready to go shopping, you might be able to leave your wallet at home.
Verizon Wireless customers will soon have the ability to make purchases directly from their mobile phone using Obopay, the first service of its kind in the U.S.
Users will be able to access their mobile money from any ATM or retail outlet that accepts credit cards using an Obopay prepaid MasterCard, as well as check account balances or histories via their mobile phone.
“The cell phone is a very personal device, and the things that you think about when you leave the house are your wallet, your keys and your cell phone,” said Todd Murphy of Verizon Wireless. “We are moving down the path so that you need just your cell phone and your keys when you leave the house. Your phone becomes a mobile wallet.”
Users open an Obopay account that stores money without requiring a minimum balance. They can then add money from an existing credit or debit card and send money to any U.S. mobile phone number, regardless if they have an Obopay account. According to Obopay, this may be used when a parent needs to pay for an out-of-state college student’s books, or when a home business owner receives payment from clients.
“It’s convenient, it’s cheap, it’s something that’s also useful in emergency situations,” said Christian Delay, a vice president of Obopay. “You have a lot of comfort and peace of mind. From our perspective, it’s the future of money and commerce.”
Though the general service is available now on all networks, Verizon customers will soon be able to download a specialized Obopay application from the Verizon Wireless Get It Now online catalogue. Receiving and withdrawing money is free, but there is a 10-cent fee to send money to someone else.
Coming soon: Shelling out by cell phone
As seen in the New York Daily News.
Next time you’re getting ready to go shopping, you might be able to leave your wallet at home.
Verizon Wireless customers will soon have the ability to make purchases directly from their mobile phone using Obopay, the first service of its kind in the U.S.
Users will be able to access their mobile money from any ATM or retail outlet that accepts credit cards using an Obopay prepaid MasterCard, as well as check account balances or histories via their mobile phone.
“The cell phone is a very personal device, and the things that you think about when you leave the house are your wallet, your keys and your cell phone,” said Todd Murphy of Verizon Wireless. “We are moving down the path so that you need just your cell phone and your keys when you leave the house. Your phone becomes a mobile wallet.”
Users open an Obopay account that stores money without requiring a minimum balance. They can then add money from an existing credit or debit card and send money to any U.S. mobile phone number, regardless if they have an Obopay account. According to Obopay, this may be used when a parent needs to pay for an out-of-state college student’s books, or when a home business owner receives payment from clients.
“It’s convenient, it’s cheap, it’s something that’s also useful in emergency situations,” said Christian Delay, a vice president of Obopay. “You have a lot of comfort and peace of mind. From our perspective, it’s the future of money and commerce.”
Though the general service is available now on all networks, Verizon customers will soon be able to download a specialized Obopay application from the Verizon Wireless Get It Now online catalogue. Receiving and withdrawing money is free, but there is a 10-cent fee to send money to someone else.