Softcard Terminates More Than Sixty Jobs

Softcard is terminating more than sixty jobs in order to cut costs, according to Finextra. In a statement the company said it would be consolidating all operations into its Dallas and New York offices and “simplifying the company’s organizational structure,” according to the source. Softcard, formerly known as Isis, is a mobile commerce joint venture created by AT&T Mobility, T-Mobile USA, Inc. and Verizon Wireless. It has partnered with companies in the vending industry to allow mobile payments at the point of sale. Full article.