From Silicon Beat Pay for almost anything with your cell phone and Obopay
Obopay (password protected) is a Palo Alto start-up that boasts it will be the first service to allow customers to pay for just about anything with their mobile phones. The company is being coy with the details.
Obopay is working with carriers, merchants and financial institutions to bring to market the first comprehensive mwallet service offered directly to U.S. consumers," said Allen Beasley, Partner at Redpoint Ventures. "Using Obopay, consumers will have access to the fastest way to get, send and spend funds anywhere they choose right from their mobile phones.
In addition to enabling mobile payments, Obopay will allow users to instantly get cash from any ATM or spend it at millions of stores.
It was founded last year, and its executive team members have worked at places like Visa, Western Union and Chordiant Software.