“Samsung is working on its own mobile payment ‘




Samsung could consider introducing its own payment. The electronics giant is reportedly negotiating with start-up LoopPay, engaged in such activities. It is unclear whether an agreement is reached.

Samsung logo (45 pix) Samsung has not yet responded to the rumors. Recode claims however to have multiple sources that confirm the story. One of the anonymous sources reported that the company has already developed a prototype. The smart phone owners would be identified on the basis of their fingerprint and the service would therefore only be available for devices that are equipped with a sensor capable. Include the Galaxy S5 is equipped with a fingerprint scanner .

The South Korean company wants a mobile payment system to compete with Apple, writes Recode. That operates the eponymous Apple recently Pay service introduced . Samsung’s technology would people with its own device also offer the opportunity to do in physical stores payments with their smartphone.

LoopPay of the technology is able to exchange data wirelessly to an external device with payment systems in stores. It is the same information as the data stored on the magnetic strip of a newly processed. However, do not credit or debit card to begin to fall. The technology would operate in many more places than Apple Pay or Google Wallet. However, the integration of NFC is not excluded.


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