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Owners of Samsung’s new Galaxy S21 smartphones in the USA will not be able to make payments using Samsung Pay’s magnetic secure transmission (MST) technology... 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
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
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
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... More
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”... More
The key to mass market adoption of mobile payments will be the creation of a compelling consumer experience that incorporates both payments and value added services, the Future of Mobile Payments session at the International CES 2015, chaired by NFC World’s Sarah Clark, has found. More
Mobile payments startup LoopPay has announced deals with XPal Power and Trident Case to embed its Magnetic Secure Transmission (MST) mag stripe emulation technology into a broad range of products including smartphones, wearables, cases and accessories, with “many other partners in the pipeline.”... More
Samsung is in talks with mobile payments startup LoopPay with a view to launching a mobile payments system to rival Apple Pay in the US in 2015, “multiple sources” have told Re/code... More
The editor of NFC World+ will be at the International CES in Las Vegas from 4-9 January to chair the future of mobile payments conference session and meet up with readers to discuss the latest technologies and trends... More
Visa has invested an undisclosed sum in Magnetic Secure Transmission (MST) inventor LoopPay... More
Synchrony Financial, formerly GE Capital Retail Finance, has made “a strategic investment” in LoopPay, developer of a mobile phone add-on that lets US consumers make payments at merchants equipped with magnetic stripe card terminals... More
The Federal Reserve Bank of Boston has published a summary of a June meeting of its Mobile Payments Industry Workgroup (MPIW) that sets out a number of reasons why NFC has not yet taken off in the US... More