According to Digital Transactions News, Pay By Touch, owner of S & H Solutions (aka Greenpoints), filed for Chapter 11 (reorganization) bankruptcy last month in Los Angeles. They’ve laid off some folks (according to their January 2007 Company Overview, they had employed 700 worldwide), cut operating expenses by 75%, and they’re now trying to sell some of their “non-core” units. They’re planning to keep Greenpoints, but the company’s former (current?) director, and current board member Robert Morris, hinted that if the right offer came along, the whole company might be sold.
Just FYI for those of you still using Greenpoints. If you’re carrying a large point balance, you might want to rethink that strategy. 
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