Google makes good with carriers for its mobile wallet, buys Softcard tech

In an ironic turn, Google is now partnering with AT&T, Verizon, and T-Mobile to bring the Google Wallet mobile payment app to their Android phones later this year. Yes, those are the same carriers who made life pretty difficult for Google with their own competing mobile payment solution, Softcard (formerly called Isis). As part of the deal, Google says it’s acquiring some”exciting technology and intellectual property” from Softcard. Sure, it feels as if we’re in the mobile payments Twilight Zone — Softcard was the main reason Google couldn’t bring Wallet to every single Android phone. But now that Apple Pay is taking off (even the U.S. government wants in on the action), Google has to do something to rev up its own mobile payment action.

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Source: Google, Softcard

Source: Engadget - Read the full article here

Author: Daily Tech Whip

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