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Telefonica signs deals with Facebook, Google, RIM and Microsoft

July 7, 2012

A mobile phone company recently signed deals with some of the leading names in payment processing in an effort to expand mobile credit card opportunities.

A mobile phone company recently signed deals with some of the leading names in payment processing in an effort to expand mobile credit card opportunities.

In a release, Telefonica stated it had come to terms with Research in Motion (RIM), Microsoft, Google and Facebook through its UK subsidiary O2. The new agreement will allow users of the brands’ product to take part in merchant services with smartphones. Instead of a separate transaction, users that leverage the system will have charges show up on their next phone bill.

“Few organizations can claim to have a direct billing relationship with hundreds of millions of customers globally,” said Matthew Key, chairman & CEO of Telefonica Digital. “The creation of Telefonica Digital has allowed us to better harness the power of this capability and use it to help drive the mobile monetisation strategies of some of the world’s largest technology companies.

Some mobile payment technology is leveraging location-based software. In a recent announcement, Placecase came out with ShopAlterts Wallet to allow users to find deals based on their whereabouts.

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