Samsung Said To Open Its Pay Service, Could Make It Available On Rival Companies' Smartphones (phonedog.com) 47
Samsung Pay, the second most OEM-Pay mobile payments service (only second to Apple Pay), may be available on smartphones from other manufacturers, according to a report. From an article: Samsung is in talks with other device makers about bringing Samsung Pay to non-Samsung high-end devices, according to a report from Gadgets 360. Samsung is reportedly aiming to offer Samsung Pay support for these non-Samsung devices by mid-2018. As for how it'll happen, Samsung is said to be considering two options. Samsung Pay relies on MST chips in order to offer contactless payments with non-NFC terminals, and so Samsung is said to be talking with other smartphone makers about adding MST tech to their devices. Another option that Samsung is thinking about is an external accessory like the LoopPay Card Case. This would enable Samsung Pay on supported devices without requiring the phones' manufacturers to add MST tech into their phones. Magnetic Secure Transmission technology is patented to LoopPay, which Samsung acquired two years ago. The feature, which mimics a card swipe, enables Samsung Pay to work on any card swiping machine, an advantage it has over Android Pay and Apple Pay.
Switched from an iPhone to S8 Plus & this is n (Score:3)
Paying with a phone at any credit card swipe machine is incredibly nice. Works everywhere and people are always surprised when I pay with a phone at a regular terminal.
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Paying with a phone at any credit card swipe machine is incredibly nice. Works everywhere and people are always surprised when I pay with a phone at a regular terminal.
Call me old fashioned, but I don't want to pay using my phone. I need my wallet anyway because it has my drivers license and health insurance card in it- two things I'd never go anywhere without. So my wallet is on me anyway.
I'd rather have a completely separate device (my credit card) to my phone rather than not be able to pay if my battery dies, or slow everyone down by using some bloody app (like those annoying ladies at Target with their cartwheel app).
Plus from a security stand point- I don't know th
It will soon all be on your phone (Score:2)
Call me old fashioned, but I don't want to pay using my phone. I need my wallet anyway because it has my drivers license and health insurance card in it- two things I'd never go anywhere without. .
In the future your driver's license and health insurance card will be on your phone.
And not too far in the future, either.
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I need my wallet anyway because it has my drivers license and health insurance card in it- two things I'd never go anywhere without. So my wallet is on me anyway.
It's not an either or situation. I carry my wallet with me as well.
Plus from a security stand point- I don't know that I trust my phone to have payment authorization. From a privacy standpoint I don't either.
It's a separate card number. Once you attach a specific card to Samsung Pay, they create a new credit card number for the phone to use.
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It's a separate card number. Once you attach a specific card to Samsung Pay, they create a new credit card number for the phone to use.
I guess I'm worried that malware will hijack this solution and start charging things to my card; or malware that will record everything I buy. I'm probably worrying without merit, but adding more functionality to my phone, especially allowing it to make payments just makes me feel very uneasy for some reason.
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The majority of the time, it's FASTER to pay, at least with Apple Pay, than with a regular credit card -- ESPECIALLY the chip cards where you have to leave them in the reader for an insane amount of time.
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What's a swipe machine? There are now teenagers who would have never seen someone swipe a card in their life.
For that matter, what's a Pay Service? I mean I certainly don't rely on a third party service to pay for something using my phone's NFC and my bank. But more middle men = more better right?
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The way all appliances seem to be moving towards running Android these days, I will probably be able to pay in the supermatket with my 50" Samsung TV soon.
Isn't MST completely insecure and unidirectional? (Score:2)
MST is unencrypted, and unidirectional. There is no challenge+response, so it would be trivial to create a listening device and hide it near the terminal to steal the signal.
Why can't manufacturers just get NFC universally implemented already? Or at the very least, chip readers? Hell they don't even have chip readers at gas pumps yet and they extended the deadline even further, so we probably won't see them until next decade, if even then.
These are financial transactions we're talking about here. Security s
Interception doesn't matter (Score:2)
Rewards Cards (Score:1)
This is why rewards cards with bonus categories (gas, groceries, travel, etc.) don't work with mobile payment systems, or give only the generic lowest "everything else" reward rate. No thanks.
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Mine work fine and give me the bonuses.
American Express Platinum and Blue Cash Preferred
Chase Freedom and Hyatt
Citi Anywhere and ThankYou Premier
BofA Cash Rewards
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In the civilized world, chip readers are already universal at 100% of locations that accept credit cards. NFC is somewhere around the 90%+ range and climbing.
Samsung pay works with NFC, but does not work with chip. Meaning that it only works in that 90%+ range, and not the other almost 10%. In other words, exactly the same places that Android Pay works. The MST technology doesn't help because nowhere allows you to do a mag stripe transaction with a chip enabled card (and all cards issued include a chip)
Of c
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And yet reviews are full of "didn't work as the terminal prompted me to insert the chip card to continue"
So apparently you're a unique case, or live somewhere where chip cards aren't mandated to make up 100% of all cards.
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Hence why I stated "in the civilized world". Chip readers are on 100% of terminals here. there are zero terminals still in use without them as they no longer meet standards.
These terminals "usually" have NFC, but not 100%, so you can't just leave the card at home and use any app based system.
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Only in a few backwards countries.
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The American banks have been ignoring that market for decades, they still seem to be doing all right.
What? (Score:2)
What?
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That is bullshit (Score:2)
>Samsung Pay, the second most OEM-Pay mobile payments service (only second to Apple Pay)
That is complete bullshit. Biggest mobile payment platforms:
1. Zhifubao
2. Wechat pay
3. Whole FeliCa ecosystem if you can add it as a whole
4. Mpesa
5. Qiwi
6. Paytm
7. Yandex pay
Apple and Samsung will have problem contesting even the 8th place.
They don't count. (Score:1)
If not in the US, it really doesn't count.
Great! (Score:2)
I can't wait to get Samsung Pay on the next iOS update!
Personally.. (Score:1)
I'd like to see them start a legal battle with Apple and force them to open up their NFC api.
It'd be hard to argue they're not being anti-competitive if a rival isn't allowed to offer their own service side-by-side with Apple Pay.
Use case (Score:2)
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Using Android Pay at the grocery store is incredibly convenient. As long as you aren't buying enough groceries to last more than a day or two. Unfortunately the artificial $100 transaction limit makes it useless for anything more than that.
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I am waving my cane at clouds with these... why do I want my phone to also be my credit card at the grocery store? I suppose I wouldn't mind have a thinner wallet but it isn't really any harder to get out of my pocket than my phone. Do you guys find this stuff useful?
Once. I took my dog for a walk on a hot summer day. I never bring my wallet on these walks. Well, I ran into a girl with a dog and she asked me if I wanted to walk with her and we went much further than I had planned for when I left the house. Decided to stop at McDonald's to get a water for the dog and some OJ for myself. Then I realized I didn't have my wallet, but I had my phone. In the ~ four years that I've had Apple pay, I've used it exactly once.
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But you had already set it up beforehand, and not planned on using it?
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But you had already set it up beforehand, and not planned on using it?
My company had helped with the initial Apple Pay roll out and so I had wanted a chance to play with it myself when I got a new phone. But we had access to decrypt the payload, so I wanted to look at what it was doing more than actually use it for payment.
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Sure (Score:2)
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Giving access to my credit cards to the Samsung control freaks. I don't think so. I mistrust Google a bit less, which is why I also won't use their Android Pay thing.
The very fact that I can't even disable this on my phone (it auto-revives on phone reboots) let alone uninstall it disqualifies it in my book. If you don't trust me enough to manage my own phone's apps, no way do I trust you with my money.
Yes, I know that I could root the phone. No, I shouldn't have to do this.
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The only reason you shouldn't have to root your phone is because it should come that way from the factory. This whole idea that you shouldn't have any control of the device that you own is ridiculous, and never would have flown a few decades ago. Somehow now though it's considered normal.
Advantage for a short while.. (Score:2)
My guess is the vendor mag reader doesn't know how to do the handshake which does all the security stuff that the chip enables. Meaning at some point MasterAmexVisaCard will jack up fees for swiped transactions to make them uneconomical. Apple chose right here, and chose the tech with more future ahead of it.
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Samsung pay can also do NFC, which means that it's better than Apple Pay and can be used in far more places.
If anything, Samsung chose right by making their app more widely compatible.
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Basically this. Card swipes are legacy. Nice that Samsung does both that and NFC, but it is still hardware dependent and either way mag stripes are certainly going to go away soon.