Verizon Wireless set to launch mobile payment service

Verizon Wireless customers will soon be able to charge up to $25 a month in online purchases to their Verizon Wireless accounts.

The carrier announced that the e-commerce payment service, based on services created by Danal Inc. will be launched later this spring. The service will require text messaging-enabled phones, and that purchases be made from Verizon-approved online stores, which include game sites and social networks. The service requires that customers click a BilltoMobile button during checkout from a participating online Web site. Users will be asked to input their mobile numbers and mobile billing zip codes for authentication. The benefit of the system means customers don't have to rely on credit cards, Verizon officials noted.