Latest in Apple

Image credit:

The big phone carriers might sell Google their mobile wallet


Remember Softcard (formerly Isis, but renamed for obvious reasons)? It's a joint venture that AT&T, Verizon and T-Mobile started in 2010 to get into mobile payments without ceding the market to Google Wallet and Apple Pay. That hasn't quite worked out, since few want to put a $70 case on their iPhone to use mobile payments, and a caseless option for the iPhone 6 has yet to arrive. Tonight Techcrunch first reported rumors that it's in talks for a sale to Google, while Paypal and Microsoft are apparently interested too. The initial report puts its pricetag at under $100 million, less than the hundreds of millions the mobile carriers invested in it. Google and Softcard have both declined to comment on the rumor, but it seems more a matter of when and who will pick up the pieces, not if.

Verizon owns Engadget's parent company, Oath (formerly AOL). Rest assured, Verizon has no control over our coverage. Engadget remains editorially independent.

From around the web

ear iconeye icontext filevr