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American Express has announced today that it has invested in the mobile payment startup Payfone, along with others, to close out a $19 million strategic funding round. The two companies have also formed an alliance to create a new global mobile checkout service where Payfone will combine its mobile authorization and payment services with American Express's recently announced digital payments platform Serve.--
Source: http://feeds.nytimes.com/click.phdo?i=7afdf054564a85e82530ab142ca0e87d
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