Two weeks after launching an all-new digital-payments platform called Serve, American Express is doubling its efforts in the emerging space with an investment in Payfone, a mobile-payments provider.
Payfone has raised $19 million in a third round of funding. In addition to American Express, Verizon Investments and Rogers Communications are also participating, along with existing investors Opus Capital, BlackBerry Partners Fund, and RRE Ventures.
As part of the investment, American Express
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