Google announced earlier today that it has acquired "technology and intellectual property" from the online payments company Softcard. Rumors about the acquisition were first reported in January. The news puts the fate of the recently launched Softcard Windows Phone apps for Verizon and AT&T customers up in the air.
Google stated that the technology they are acquiring from Softcard will be used to improve their own Google Wallet app, but didn't offer any details. A separate announcement from Softcard stated, "For now, Softcard customers can continue to tap and pay with the app. We will share more information with customers and partners in the coming weeks." It added, "Today's announcement is a positive step forward for the mobile payments industry and wireless consumers."
Source: Google, Softcard
