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 years ago from investors, and promised he would let poeple pay with their fingerprint in stores across the nation.
But now Rogers is filing for personal bankruptcy, and there’s question the… Continue Reading