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In Bankruptcy, A Firm Finds Out Its True Worth

Written by Evan Schuman
April 2nd, 2008

Bankrupt Pay By Touch—officially using the name Solidus Networks—has sold off two key units for a total of $4.8 million.

Phoenix Check Cashing dropped $4.2 million to pick up Pay By Touch’s check-cash¬ing division, known as BioPay Paycheck Secure, according to The Nilson Report. Acculink paid $600,000 for ATM Direct, a unit trying to introduce PIN-based debit card payments for E-Commerce sites, the publication reported.

Posted in E-Commerce, IT Strategy/Industry, Payment Systems, RFID, Security/Fraud
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