Monday, January 19, 2015

Is Google Buying Softcard?

No fewer than three articles popped up late Friday on my usual set of websites exploring the possibility of Google buying the carrier payments solution Softcard.  I don't know who broke it first though the CNet article lists TechCrunch and The Wall Street Journal.

Here are the three I found with the best first:

http://www.cnet.com/news/google-reportedly-in-talks-to-buy-mobile-payments-company-softcard/

http://www.digitaltransactions.net/news/story/With-a-Wary-Eye-on-Apple-Pay_-Google-Reported-to-Be-in-Talks-to-Buy-Softcard

http://www.paymentssource.com/news/emerging-payments/google-makes-a-play-for-softcard-techcrunch-3020355-1.html

Here is a snippet from that piece:

Google may be stocking its war chest to compete with Apple in mobile payments.

The Internet giant is reportedly in talks to acquire Softcard, a company that helps people to pay for things using their mobile devices, according to reports by TechCrunch and The Wall Street Journal. The deal for the payments company -- a joint venture between carriers AT&T, Verizon and T-Mobile -- is said to be for less than $100 million.

Both Google and Softcard declined to comment on the possible sale. "We don't have a comment, background, deep background, off-the-record steer, nod, wink or any other verbal or nonverbal response to these sorts of rumors," a Google spokesperson said.

Happy Reading,

J.W. Gant

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