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Google may be launching new mobile payments API

03/04/201503/03/2015 Stephen Vagus

Google could introduce the Android Pay API at its upcoming event in May Google is preparing to make another move in the mobile payments sector. The company recently announced that it had acquired Softcard, a mobile commerce firm, which could help its struggling Wallet platform find some traction with consumers. The company is now expected to introduce a new mobile payments API at its annual Google I/O event at the end of May. The API is called Android Pay, and may have a major impact on Google’s position in the…

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…

Mobile wallet once called Isis to become Softcard

09/10/201409/09/2014 Jennifer Goula

The joint venture smartphone payments service is working to distance itself from violent military group of the same name. The Isis mobile wallet application that is the result of a joint venture effort among three of the biggest wireless carrier companies in the United States has now announced that it is changing the name of the brand and the app to Softcard. This change is being made after a terrorist group – completely unrelated to the service – was nicknamed ISIS. The Isis mobile wallet is a brand that was…