Softcard, the payments service backed by Verizon Wireless, AT&T, and T-Mobile, has announced on its website that it will be cease operations on March 31. Instead of running their own platform, the parties involved will instead utilize Google Wallet, something that proved highly unlikely in the past.
"We are pleased to let you know that Google has acquired technology from Softcard to power the next generation of mobile wallets. What does that mean for you? As of 3/31 your Softcard app will no longer work. You can continue to use the Softcard app until 3/31. After that your Account will be closed.
To keep using a digital wallet app download Google Wallet now."
Google recently signed a deal with major networks in the US to have its payment service preloaded on Android hardware, all whilst purchasing some Softcard technologies. Softcard is recommending all users to download the Google Wallet app from the store.
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