Samsung Electronics has agreed to acquire mobile wallet service LoopPay.
LoopPay’s products can allow a retailer’s conventional card reader to also accept contactless payments, with the ability to work with around 90% of all point-of-sale terminals in the USA.
Google has acquired the technology from mobile wallet company Softcard, which it will be combining with its Google Wallet service in the USA.
It means that customers buying an Android phone from AT&T Mobility, T-Mobile USA and Verizon Wireless will have the Google Wallet NFC payment app pre-installed.
Company insists that smartphones and tablets are not affected
Lenovo has admitted that it’s been shipping laptops and convertible laptop/tablet devices with a security vulnerability.
Between September and December last year, Windows-based laptops from Lenovo were loaded with software called Superfish. This ‘broke’ secure web pages, which meant that any fraudulent secure sites wouldn’t be detected.
SIM card manufacturer Gemalto has published the results of an investigation into an alleged hacking operation by the UK’s GCHQ and the USA’s National Security Agency.
A report earlier this month - based on information from former NSA contractor Edward Snowden - claimed that both security agencies had jointly hacked into Gemalto’s network to steal SIM encryption keys. This would have enabled them to decrypt mobile phone calls without needing the cooperation of mobile networks.