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Samsung buys Looppay to compete with "Apple Pay"
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Clinically Insane
Join Date: Jun 2000
Location: Union County, NJ
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Before I link the article, think about the title for a second.
Samsung always wants to get in Apple's face, even at the expense of something they already have access to.
So, here's the article:
Samsung Acquires LoopPay, Maker Of An Apple Pay Competitor | TechCrunch
...but this quote:
"LoopPay even advertises its solution as an alternative to Apple Pay for non-Apple device makers".
Android has had a non-Apple payment system already. For years. It's called NFC Pay. Apple just branded it, but it's the same thing.
So, what the hell is an "alternative to Apple Pay for non-Apple devices"?
What does that even mean? Generic NFC Pay in Android (like Google Wallet) already exists.
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Mac Elite
Join Date: Dec 2003
Location: I'll let you know when I get there...
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Clinically Insane
Join Date: Jun 2000
Location: Union County, NJ
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I think I was quite clear in that.
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Clinically Insane
Join Date: Nov 1999
Location: 888500128, C3, 2nd soft.
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What's interesting at least from a Euro perspective is that here in Germany, virtually all card terminals will insist on reading the (more reliable and secure) chip FIRST. So the magnetic strip reader is not even activated until a card is inserted and unreadable.
Second, if authentication doesn't run via PIN (and it often doesn't), a signature is required, which MUST be compared to the signature on the back of…the card.
LoopPay doesn't seem…ideal.
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Clinically Insane
Join Date: Jun 2000
Location: Union County, NJ
Status:
Offline
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LoopPay will also be obsolete in Oct.
That's when, in the U.S., cards with chips that are used on terminals with chip readers, will NOT work when used with the mag reader.
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Clinically Insane
Join Date: Nov 1999
Location: 888500128, C3, 2nd soft.
Status:
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Sounds like a Perfect Time to Sell the Company.
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Registered User
Join Date: Sep 2000
Location: Irvine, CA
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I saw a review of LoopPay, and I wouldn't want to carry along something extra with me. My pockets are already full. The LoopPay case is interesting, but not stylish/suited for me and is rather thick.
Apple Pay works well for me. I use it often at the local grocers and also to get my $1 soda at McDonald's.
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Addicted to MacNN
Join Date: Sep 2000
Location: Isle of Manhattan
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Sure, everyone blame looppay.
but seriously, Samsung just wants to play in the game too, regardless of the outcome. They should just stick to screen manufacturing.
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"Faster, faster! 'Till the thrill of speed overcomes the fear of death." - HST
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Moderator
Join Date: May 2001
Location: Hilbert space
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So how long until Samsung announces their Galaxy car?
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I don't suffer from insanity, I enjoy every minute of it.
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Games Meister
Join Date: Aug 2009
Location: Eternity
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Originally Posted by OreoCookie
So how long until Samsung announces their Galaxy car?
I have a feeling there's a little too much truth in that joke.
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Addicted to MacNN
Join Date: Sep 2000
Location: Isle of Manhattan
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Originally Posted by OreoCookie
So how long until Samsung announces their Galaxy car?
They can't - Ford owns that car name. lol
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"Faster, faster! 'Till the thrill of speed overcomes the fear of death." - HST
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Moderator
Join Date: May 2001
Location: Hilbert space
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Originally Posted by osiris
They can't - Ford owns that car name. lol
I know. Do you think that'll stop them, though?
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I don't suffer from insanity, I enjoy every minute of it.
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Addicted to MacNN
Join Date: Oct 2014
Location: Shaddim's sock drawer
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I loved my old Galaxie 500 outfitted with a 428 Interceptor, it was an awesome boulevard pimpmobile.
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"I have a dream, that my four little children will one day live in a
nation where they will not be judged by the color of their skin,
but by the content of their character." - M.L.King Jr
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