News stories featuring Samsung:
May 14th, 2015
Samsung paid about US$250m to acquire LoopPay, developer of the magnetic secure transmission (MST) technology that will form a key part of Samsung Pay when it launches later this year, according to Recode. The figure could rise based on executive or company performance but “the terms of the earnouts are not known”.
May 8th, 2015
Samsung will build NXP’s SmartMX P61N1M3 embedded secure element into versions of its Galaxy S6 destined for China, where it will be used in the Samsung Pay NFC mobile payments service. The phone maker has previously also used Oberthur’s Pearl secure element in other versions of the flagship smartphone.
April 30th, 2015
Samsung managing director Park Jin-young hinted during the company’s first quarter earnings call that the forthcoming Samsung Pay system may also work with its smartwatches. The mobile payments service is expected to launch in the US and Korea “in the latter half of the year” with the roll-out schedule for other territories still under discussion, reports WhowiredKorea.
April 22nd, 2015
Apple Pay has become the top choice of services among US consumers planning on using mobile payments in the next 90 days, a survey conducted by 451 Research has found — and consumers increasingly think mobile payments are more secure than credit cards.
March 20th, 2015
“What Paydiant has is a clarity of focus on mobile and how large merchants need to utilise mobile to connect with their customers — they’re a small company doing that very successfully with some really…
March 9th, 2015
No fees will be charged by Samsung to card issuers making use of its new Samsung Pay service in Korea, Business Korea reports, “to help dominate the rapidly-growing mobile payments market”. Samsung’s revenue plan for the US “is still unknown”, the report adds, “but an industry source said that the company is unlikely to charge fees in the US in light of its decision in Korea”.
March 4th, 2015
Travellers in Spain’s capital will be able to use their NFC phones to pass through ticket barriers as Madrid’s public transport system tests NFC ticketing. The SIM-based NFC trial will see owners of Samsung Galaxy phones with Telefonica SIMs being able to register payment cards and buy tickets direct from their handsets. Madrid ran an NFC bus ticketing trial with BankInter in 2010.
March 2nd, 2015
A short video published by MasterCard shows Samsung’s new Samsung Pay mobile payment service in action, demonstrating how a user chooses a payment card, authenticates and then holds their phone next to a standard payment…
March 2nd, 2015
Google’s recent acquisition of Softcard’s NFC payments business may hit Samsung Pay’s prospects for widespread US adoption hard, says a respected payments consultant. Commenting on Samsung Pay’s launch, Tom Noyes is enthusiastic about the system’s mechanism for wider merchant acceptance but, he writes, “even if it were ready today it will never be pre-loaded on ANY phone in the US given the recent Google/Softcard deal with all three major US MNOs.”
March 2nd, 2015
Samsung’s new flagship handsets, the Galaxy S6 and Galaxy S6 Edge, include an embedded secure element (eSE) from Oberthur Technologies. The Pearl eSE is a multi-application NFC secure element that is certified by Visa, MasterCard and American Express. Incorporating the chip allows easy MNO-independent deployment of secure contactless payment, strong authentication, transit, access and loyalty applications.
March 1st, 2015
Samsung Pay, the tokenized mobile payment system introduced with the Samsung Galaxy S6, will first attempt to use NFC and then fall back to magnetic stripe emulation technology to offer widest compatibility with merchant terminals,…
March 1st, 2015
Owners of Samsung’s new Galaxy S6 flagship phone will be able to make mobile payments at merchants equipped with both legacy magnetic stripe card terminals and those with contactless POS terminals, Samsung boss JK Shin…
February 26th, 2015
Google is working on an Android Pay API that will be “built from the ground up” for Android developers and makes use of host card emulation, “a source close to the matter” has told Ars…
February 23rd, 2015
Google is in a new round of discussions with mobile network operators to get its Google Wallet payments service widely distributed on mobile devices, the Wall Street Journal reports, with incentives on offer believed to include paying carriers to feature Google Wallet prominently on their Android phones and, potentially, a share of advertising revenues. Google first discussed collaborating on Google Wallet with carriers around the world in 2012. Its renewed interest is believed to be driven by a need to compete with both Apple Pay and a widely anticipated Samsung Pay service.
February 19th, 2015
Samsung Electronics has announced it is to buy LoopPay, the startup that has developed a way for mobile payments to be made at standard magnetic stripe card terminals. LoopPay’s technology is expected to form part…
February 16th, 2015
Customers of Dutch financial institution Rabobank with a Samsung Galaxy S4 or Galaxy Note 3 can now use a mobile wallet app that works with the secure element embedded in their mobile device to make…
February 11th, 2015
Samsung is to require companies that manufacture accessories for the forthcoming Galaxy S6 mobile phone to include NFC-enabled authentication chips in their products, according to DDaily. “The chips will be used in phone cases like…
January 27th, 2015
Samsung Pay, “a payment feature which works with magnetic and NFC terminals” will ship with the Korean phone maker’s forthcoming Galaxy S6 mobile phone, BGR reports, citing a “trusted source”. The device is expected to be unveiled during Mobile World Congress 2015 while the mobile payment service is expected to use technology developed by US startup LoopPay to enable payments to be made at both contactless and magnetic stripe-based POS terminals.
January 19th, 2015
January 13th, 2015
Verifone and Samsung have announced a global partnership to deliver Android-based mobile point of sale (mPOS) solutions to multi-lane and enterprise retailers. The initial offering is due to be introduced later this year and will include a Samsung Galaxy Tab Active tablet and support for EMV, NFC, beacon and magnetic stripe payments.
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