Rogers banks on mobile payment provider

NEW YORK – Rogers Ventures, the venture capital arm of Rogers Communications, is investing in mobile payment provider Payfone.The New-York based company announced the closing of its $19 million strategic funding round, which includes new investments from American Express, and Verizon, as well as from existing investors Opus Capital, BlackBerry Partners Fund and RRE Ventures. Payfone said that its new funds will be used to “continue innovations in its market approach and to support its global expansion across North America, EMEA, Latin America and Asia”."Strategic investment from major operator players like Verizon Investments Inc. and Rogers Ventures, as well as...