Wednesday, April 27, 2011

Verizon Wireless Starts Mobile Vending Machine Payments Business

Verizon Wireless and USA Technologies are teaming up to enable mobile payments at vending machines nationwide. Some will consider this application a form of machine-to-machine communications or the "Internet of things."

Others will say it is more a way for Verizon Wireless to insert itself into the mobile payments value chain. Either way, the deal is a sign that both M2M mobile revenues and mobile payments are viewed as a practical, achievable new revenue stream for some mobile service providers.

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