Softcard Downsizes as It Faces More Mobile-Pay Rivals

The telco-led mobile wallet venture Softcard has laid off 60 employees and is consolidating its offices, a sign that the company’s staffing may have been oversized compared to its opportunities in the market.

Source: www.paymentssource.com

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Kenneth Carnesi holds a Juris Doctor degree from New York Law School and a Professional Certificate in International Banking from Harvard Law School. Kenneth Carnesi is the Director of Operations and Government Sales at Anaptyx LLC and sits on the Boards of The Lazarus Organization, Monkeetech LLC and MG Madison Phillips, Inc. Mr. Carnesi has also founded CICG - Carnesi International Consulting Group, a company specializing in strategy consulting to small to mid-size businesses.

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