Google Buys MNO Partnerships

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Google Buys MNO Partnerships

All assets of the Softcard mobile payments joint venture company of mobile network operators (MNOs) AT&T, T-Mobile, and Verizon have been acquired by Google. Terms were not disclosed. Softcard, originally known as Isis, was formed in 2010. Its NFC-based service will soon be shut down. Google is acquiring a portfolio of 120 pending patents related to NFC-based payments and commerce, partnerships with top manufacturers of contactless readers and POS terminals, and a contract with Gemalto, whose trusted service manager (TSM) hub transmits card data from issuers American Express and Chase t...

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Nilson Report

1058

March 2015

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Google Buys MNO Partnerships

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