New Samsung Phones May Let Your Use Your Credit Cards Everywhere

Discussion in 'Blogstand' started by BoardingArea, Feb 23, 2015.

  1. BoardingArea

    BoardingArea News Feed

    Likes Received:
    Status Points:
    There is no question that mobile phones will be the future (at least near future) of handling credit cards for payment purposes. While Apple Pay is the more popular electronic payment method at this time (and pretty secure), they were certainly not the first. Other companies like Coin, LoopPay, even Google’s own Wallet have all been around for a bit but never created the type of acceptance amongst retailers, manufacturers, and consumers as Apple Pay. Samsung Buys LoopPay For Mobile Payments However, that could change. While Apple Pay relies on terminals being advanced enough to handle NFC or Apple Pay payments, LoopPay was actually created last year (see my post here) as a way to utilize existing credit card terminal processing by simply allowing you to hold a LoopPay equipped phone or fob (the equipped phone had to be in a special case) to the terminal and a magnetized field would be created to allow the payment to process. At the time (last summer), LoopPay said that 90% of US terminals... The post New Samsung Phones May Let Your Use Your Credit Cards Everywhere appeared first on Running with Miles.

    Continue reading...

Share This Page