Pay By Touch to go under outside control until legal issues resolved
Pay By Touch, the venture and hedge fund-backed company that offers a way to let people pay at stores through fingerprint identification, has been facing a slew of problems. Now, it is being put under court-appointed, outside control, VentureWire reports (sub required), citing Delaware court… Continue Reading
Pay By Touch in trouble, founder filing for bankruptcy
(This story has been updated with company response, and a copy of a leaked memo from an investor alarmed about mismanagement at the company)
Pay By Touch’s founder John Rogers had big dreams of changing the way people paid for things.
He raised hundreds of millions two… Continue Reading