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Softcard packs in its mobile wallet

03/02/201503/01/2015 Julie Campbell

The struggling payments app announced its shutdown only days after selling its tech and intellectual property to Google. Only a few days after having announced that it would be selling all of its technology and intellectual property to Google, Softcard has now revealed that it will be shutting down, completely. This joint venture among Verizon Wireless, AT&T Mobility, and T-Mobile USA faced too many obstacles. The team at Softcard is now recommending that Android users who had enjoyed their mobile payments application should now make the move to the Google…

Softcard mobile wallet hit by layoffs

01/12/201501/10/2015 Julie Campbell

The smartphone based payments venture with wireless company backing is undergoing a restructuring. According to Softcard, the mobile wallet service that was launched by Verizon Wireless, AT&T, and T-Mobile, the company is undergoing a restructuring which has caused it to lay off 60 of its employees. This wave of layoffs at the mobile payments technology company impacts between 12 and 30 percent of its workers. That range is based on the range of the staff size of the company that has been listed on its LinkedIn account. That said, the…