American Express Serve Joins Mobile Payment Processors

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Just after hearing that Google and MasterCard may be teaming up to provide NFC payment options via Android-powered devices, American Express announced that it’s joining the “mobile payments” game.

Currently PayPal is the leader in person-to-person payments, but with its new Serve service, American Express hopes to challenge that. Assuming both the sender and the recipient have Serve accounts, the service lets them send each other money simply by entering the e-mail address of the intended recipient into their app.

Beyond basic functionality there are a few bells and whistles that set it apart from PayPal’s offering. For example, you can withdraw funds from your account and deposit them onto a refillable pre-paid card, and even create sub-accounts for others to use (your kids, for example), complete with spending limits.

Apps are available for both iPhone and Android.



Download from the Android Market

Source: Mobile Crunch

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About The Author
Joe Levi
Joe graduated from Weber State University with two degrees in Information Systems and Technologies. He has carried mobile devices with him for more than a decade, including Apple's Newton, Microsoft's Handheld and Palm Sized PCs, and is Pocketnow's "Android Guy".By day you'll find Joe coding web pages, tweaking for SEO, and leveraging social media to spread the word. By night you'll probably find him writing technology and "prepping" articles, as well as shooting video. Read more about Joe Levi here.