Why Pay By Touch was doomed from the start - Valleywag Comments

Why Pay By Touch was doomed from the start

PBTFE — Tue, 20 Nov 2007 17:14:22 PST

Are you joking? The payment processor (formerly Card Systems) sucked the life and bank account out of this start up. They didn't know what hit them!

PBTFE

Why Pay By Touch was doomed from the start

Owen Thomas — Thu, 15 Nov 2007 10:15:37 PST

@godospoons: So. Bored. By. You.

Owen Thomas

Why Pay By Touch was doomed from the start

godospoons — Thu, 15 Nov 2007 08:43:23 PST

So. Bored. Of. PayByTouch.

godospoons

Why Pay By Touch was doomed from the start

Rick — Wed, 14 Nov 2007 18:21:59 PST

heh, is this your scoop Carlson? Every time I read a story about this I go "ouch" and then I see your name on the post. Remind me never to give you anything to go after :)

Rick

Why Pay By Touch was doomed from the start

fatbastard — Wed, 14 Nov 2007 17:22:06 PST

The payment processor acquisition was a good idea because it gave them revenue (and was supposedly profitable).

The real problem is that they never laid off any employees from the acquired companies. They just absorbed everyone -- creating this massive suck of a burn rate.

fatbastard