A telecommunications group including Verizon Wireless and AT&T Inc. (T) hired Michael J Abbot, a former executive with General Electric (GE), to run a venture that will let consumers pay for purchases using their smartphone.
Abbot, who was previously the chief marketing officer for GE’s U.S. retail consumer-finance business, will be the CEO of the new venture, Bloomberg News reported.
The…
Continue reading Verizon, AT&T Hire CEO for Smartphone Payments Venture
Verizon, AT&T Hire CEO for Smartphone Payments Venture originally appeared on DailyFinance on Tue, 16 Nov 2010 06:32:00.
Filed Under: Company News, Technology, General Electric , AT&T, Deutsche Telekom, Retail