Google may soon be acquiring SoftCard and the two companies may be closing a deal for $100 million.
SoftCard is a mobile payment service with compatibility on Android and Windows smartphones. It is a joint vernture between Verizon, AT&T and T-Mobile. Currently it is accepted by more than 200,000 merchants in the US such as McDonald’s and Subway.
As of now the two companies have not commented on the possible deal.
SoftCard was earlier named as ISIS but later it changed the name as a militant group in Iraq and Syria became popular globally with the same name that is an abbreviation of Islamic State of Iraq and Syria.
SoftCard mobile payment service is also backed by financial institutions like Wells Fargo & Co. and American Express Company.
Presently Google has its own version of mobile payment system dubbed as Google Wallet.
For Further Reading:
- Google Acquires Mobile App Producer Startup Jetpac
- When Google releasing Android 5.0 Key Lime Pie mobile OS
- Google Launches Remote Desktop Control Service With Android Devices
- Apple To Simplify Mobile Payment With iPhone 6
- McDonald’s testing PayPal payment method with mobile app
- Google introduces calculator in its mobile search
- Google launches email-to-SMS service in Africa
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