Saturday 22 July 2017
LG has announced the launch of its LG Pay mobile payments service in Korea, allowing consumers with the LG G6 smartphone to make mobile payments using the service’s Wireless Magnetic Communication (WMC) technology... More
PARTNER NEWS: A 10-page guide that explores how Samsung Pay works and its key benefits is now available to download from the NFC World Knowledge Centre... More
LG will launch its LG Pay mobile payments service in Korea in June this year using a mobile payment technology that works by “generating a magnetic signal from a mobile device such as a smartphone, and paying it to a general credit card terminal”. More
Samsung Pay is testing its mobile payment service in India, and could be launched there in the first half of 2017, SamMobile reports... More
LG Electronics is working on an alternative to Samsung’s proprietary Magnetic Secure Transmission (MST) technology for mobile payments, Android Authority reports... More
Samsung Pay is planning “more and more aggressive expansion”, global general manager Thomas Ko has told NFC World in an exclusive interview at Money2020 in Las Vegas, as it emerged a new Deals feature will go live next month and the mobile payments service will operate in Malaysia and Thailand by the end of the year... More
Samsung Pay has launched in Australia with support from American Express and Citibank. The service is available for those with compatible Samsung smartphones, with specific availability varying by local operator. More
Samsung Pay has recorded a net loss of US$16.8m since the mobile payment service was unveiled in March 2015, despite attracting approximately five million users in South Korea and the US in its first six months... More
Spain’s CaixaBank has revealed that it will not include support for Samsung Pay’s Magnetic Secure Transmission (MST) technology when the bank launches support for the mobile payment service in the coming months... More
A white paper that explains how host card emulation (HCE) functions and examines its implications for the future of the payments industry is now available to download from the NFC World Knowledge Centre. More
Samsung has responded to a New York Times report that claimed a hacking group affiliated with the Chinese government penetrated the corporate network of LoopPay, the inventor of Magnetic Secure Transmission (MST) technology that was acquired in February to form a core part of Samsung Pay... More
A hacking group affiliated with the Chinese government penetrated the corporate network of LoopPay, the inventor of the Magnetic Secure Transmission (MST) technology that was acquired in February 2015 to form a core part of Samsung Pay, the New York Times reports... More
NFC World’s ‘Ask the Expert: HCE pioneer Doug Yeager’ webinar is now available to view online... More
PARTNER NEWS: Digital security giant Gemalto has partnered with Samsung to drive the deployment of Samsung Pay across Europe, utilising its Allynis Trusted Service Hub (TSH)... More
Samsung Pay will launch in Korea on 20 August and in the US on 28 September, the handset maker confirmed as it announced two new flagship devices in New York yesterday... More
Samsung Pay is to launch in Korea and the US in September 2015, later than originally planned, and then roll out to Europe, China, Australia and South America, executive vice president of mobile commerce Dr Injong Rhee has revealed at the Samsung Electronics 2015 Investors Forum... More
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... More
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 terminal to conduct a transaction... More
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, MasterCard’s Matt Barr has told NFC World... More
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 has revealed... More
