LoopPay tech will be part of Samsung Pay
Samsung Electronics has announced a new mobile payment service called Samsung Pay.
It combines what it’s calling Magnetic Secure Transmission - the technology used by its recent acquisition LoopPay - with Near Field Communication. As a result, it says consumers will be able to use secure mobile payments at ‘nearly all’ merchant locations.
Podcast - 27th February 2015
We're taking a look back at the biggest mobile industry news stories from February 2015, including allegations that the UK's security service tried to breach SIM card security by hacking into one of the world's biggest SIM producers.
We also talk about the planned BT and EE merger, the creation of two new UK virtual networks, some acquisitions in the mobile payment arena and a new Ubuntu smartphone.
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.
Podcast - 24th February 2015
In today's programme Mark Bridge talks to Chris Millington, who's Managing Director for Doro UK and Ireland.
They discuss the state of mobile retailing in the UK, the future of wearable devices and - as you might expect - smartphones for seniors.