New York-based Payfone debuted its mobile payments solution, 1 Touch Checkout, which ties shoppers' mobile identities with payment instruments, and is designed to stem shopping cart abandonment in mobile commerce sales. According to Payfone, consumers who use the solution do not need to download or install anything on their phones, they register once through a mobile banking app and billing and shipping information is automatically linked to the mobile phone identity so purchases can be made.
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Bryan Yurcan is associate editor for Bank Systems and Technology. He has worked in various editorial capacities for newspapers and magazines for the past 8 years. After beginning his career as a municipal and courts reporter for daily newspapers in upstate New York, Bryan has ... View Full Bio