Samsung plans to use technology to spread LoopPay own system of instant payments, able to compete with Apple Pay. Writes about this on Wednesday Re/code.
Users of the iPhone 6 and the iPhone 6 Plus can pay for goods and services in a variety of off-line institutions, putting smartphones to payment terminals and confirming the identity by using the built-in fingerprint sensor. Samsung still use a similar procedure only for online payments via PayPal, but in the coming six months on the market, you may receive service that helps pay for purchases without using NFC.
Using the Samsung LoopPay give an advantage over mobile payment system, Apple Pay.Because this technique does not work with the proximal non-contact communication system and a conventional magnetic terminals installed in almost every store. That is why the outlets do not need to change the payment Equipment for special devices that work with NFC.
Samsung technology will only work with certain models of smart phones brand, according to some reports, the prototype devices supporting it is already being tested. According to other information, the deal with LoopPay still in the negotiation stage. One of the investors is a young American company VISA, so information security issues should be given enough attention.
LoopPay has long hinted that support its technology fast payment terminals in 2015 will be supported by one of the manufacturers of smartphones, but the name of the partner is still not known. It is expected that the support will be implemented LoopPay on older models of smartphones Samsung, which is equipped with a sensor to read the fingerprint.
Samsung and LoopPay did not comment on rumors about the launch of the payment service.