Text messaging used to make car payments in pilot project

Car payments can be initiated using text messaging from a mobile phone under a pilot project announced today by Western Union Co. and Consumer Portfolio Services Inc. Computer World reports.

Once a customer sets up the service, an alert is sent to the user's phone that a car payment is due. The user types a "yes" response as a text message to authorize transfer of the payment from a credit or debit card, the companies said. A confirmation text message is sent seconds later to the user.

A division of security vendor VeriSign Inc. worked with Western Union and CPS to set up the test program, which is expected to last about three months.

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emily | 8:57 AM | New SMS Services |
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