In an interesting development, Google is reportedly making offers to buy Softcard, formerly ISIS. Softcard and Google are competitors at this point, vying for the burgeoning mobile payments market, along with recently released Apple Pay.
Google has their own NFC mobile payment system Google Wallet, and reportedly they’re mainly interested in the 120 patents that Softcard holds.
The deal will reportedly be for just under $100 million. Softcard is said to have been struggling recently, and may agree to such an offer. No comments from Google or Softcard.
Interestingly, there are reports that Paypal and Microsoft have also been interested in acquiring Softcard.
It’s anyone’s guess if this will have any effect on many of the recent offers that Softcard has rolled out. Let’s hope that well-financed Google will only increase them.
