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IT Support and Hardware for Clinics
News, Information and Updates on Hardware and IT Tools to help improve your Medical practice
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We just learned more about Samsung's big competitor to Apple Pay

We just learned more about Samsung's big competitor to Apple Pay | IT Support and Hardware for Clinics | Scoop.it

Samsung announced its new mobile payments system months ago, but we just got our first look at how it actually works.

Samsung Pay will be available in the United States starting in September after first launching in South Korea this month.


Samsung's payment system is different than Apple's in one crucial way — it works at standard mobile payment terminals with magnetic stripe readers and NFC terminals. This means you can use Samsung Pay anywhere you can use a credit card, while you can only use Apple Pay and other payment solutions such as Google Wallet at retailers that have NFC terminals.


We've known about this for a while, but Samsung has just told us more about how you'll actually use the service when it launches. If you have Samsung Pay all set up, you can swipe up on the lock screen to select which card you want to pay with, as shown to the right.


This works even if your phone is asleep, so you don't have to turn on the display to start a payment transaction. From there, you can choose to authenticate your purchase by typing in a PIN or by pressing your fingerprint on the home button. Samsung also says its Knox software is integrated into Samsung Pay, which adds real-time hacking surveillance and encryption to the service.


Since Samsung Pay is compatible with both NFC and magnetic stripe terminals, your phone automatically decides to choose one or the other when you're making a purchase. 

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Samsung Acquires LoopPay to Compete with ApplePay

Samsung Acquires LoopPay to Compete with ApplePay | IT Support and Hardware for Clinics | Scoop.it

Samsung has just purchased U.S. mobile payments firm LoopPay. In doing so it gives the company a strategy to compete with ApplePay. It looks like a new mobile payments solution from Samsung will be launched on March 1st, during Samsung’s Galaxy S6 smartphone event.


Unlike ApplePay that requires new hardware the LoopPay solution can convert traditional point-of-sale (POS) systems so that they are able to accept contactless payments. All customers have to do is tap their smartphone next to a LoopPay card reader connected to the POS, Samsung says 90 percent of current systems support the mobile payment technology.

“Our goal has always been to build the smartest, most secure, user-friendly mobile wallet experience, and we are delighted to welcome LoopPay to take us closer to this goal,” said JK Shin, co-CEO and head of Samsung’s mobile business, said in a public statement.


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