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Samsung Eyeing LoopPay as Partner for Mobile Payment System to Rival Apple Pay
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NFC with a pin for purchases over $100.
Come visit Australia. We have 10x more NFC terminals than the entire US and 4x more than the UK.
You can even use NFC payments at Vending Machines, Parking meters, Taxis... Even ATMs (you can actually withdraw money without a card at all if you have the Bank's app).
Even Amex has contactless payments now.
That is correct. I have no idea how reliable this is, since it hasn't been released yet.
Plus, the merchant pay card-present fees for Apple Pay. That's one of the big things that Apple negotiated for.
They did... on car forums. This is not a car forum.
Daytime running lights consisting of LEDs arranged in a strip are an idea that would have come about eventually once LEDs became inexpensive, reliable, and bright enough to use this way. They are not mandated in the US but are in Canada and other countries, and they are proven to improve safety, so you are seeing more and more cars equipped with them. Why stick with the incandescent bulb when the LED is easier to slip into designs, is brighter, uses less power, and is more reliable?
Audi happened to be one of the first to widely deploy the idea. Someone had to be first. It could just as easily have been someone else.
So, this aims to 'attempt' to match the simplicity of apples system without the enhanced security. Im calling fail here.
I didn't expect ApplePay to be such a big deal for me, but I use it all the time now and its ridiculous how quick at easy it is.... plus there is the added bonus of the merchant never seeing my private info or card etc. Just a simple one time only transaction code. No signing, no pin, no nothing... just hold the phone up to the terminal with my fingerprint on the touchID sensor and ding done.
For the record, Im speaking as someone whose had cards compromised by both the Target and Home Depot hacks (and who is next). Apple Pay eliminates this. LoopPay doesn't.
I didn't expect ApplePay to be such a big deal for me, but I use it all the time now and its ridiculous how quick at easy it is.... plus there is the added bonus of the merchant never seeing my private info or card etc. Just a simple one time only transaction code. No signing, no pin, no nothing... just hold the phone up to the terminal with my fingerprint on the touchID sensor and ding done.
For the record, Im speaking as someone whose had cards compromised by both the Target and Home Depot hacks (and who is next). Apple Pay eliminates this. LoopPay doesn't.
Meeh .. Why Samsung always make a second rate feature copying from Apple? I mean Android system is great in its own way, recently I switch my phone to an Android phone (but not Samsung phone because apparently Galaxy line becomes as much tired, bloated and overpriced as an iPhone does) and really, by using Android I hardly miss anything. It's a breath of fresh air to get out and try something new. But of course I still keep my iPad because I can't yet live without Facetime, iCloud, iMessage, Airplay, video mirroring and everything Apple makes work neatly. Admittedly Android is still weak and messy at these core features. Third party app just wouldn't make up the lack of tightly-controlled ecosystem.
So really, I'm all in for competition, I want a smartphone which is NOT iPhone yet performs as good with great, solid services. And Samsung is a competent component supplier for Apple, and maybe the one and only. But Samsung services and products are just .. well second rate.
S Voice .. dead
ChatOn .. dead, plus I hate the name. ChatOn, really?
Samsung smartwatch .. wait, I don't even remember it exists
LoopPay .. I can't even spell it without getting my lips twisted.
Come on Sam, make a great competitor. You already price your phone just as overprice as Apple. But your services are simply, terrible.
So really, I'm all in for competition, I want a smartphone which is NOT iPhone yet performs as good with great, solid services. And Samsung is a competent component supplier for Apple, and maybe the one and only. But Samsung services and products are just .. well second rate.
S Voice .. dead
ChatOn .. dead, plus I hate the name. ChatOn, really?
Samsung smartwatch .. wait, I don't even remember it exists
LoopPay .. I can't even spell it without getting my lips twisted.
Come on Sam, make a great competitor. You already price your phone just as overprice as Apple. But your services are simply, terrible.
Google Wallet and Softcard are also Card Present rates.
For that matter, I think any NFC payment counts as card present.
However, note that for in-app payments, Apple Pay is NOT ranked as card present.
I understand the benefit of the merchant not storing the actual card number, but I never understand why people think it's a big deal that the merchant doesn't know who we are.
If such anonymity were important, then why haven't we all been using cash instead of credit cards for the past forty some odd years?
Moreover, I constantly use loyalty programs at several merchants, who pay me back with monetary kickbacks and discounts. I also get custom advertisements and coupons for products that I'm usually interested in. A person would have to be foolish not to take advantage of programs like that.
It's also unavoidable at times, anyway. When you purchase drugs at a pharmacy, they have to know your name
They're both the same, except Looppay is less secure. And Apple Pay IS built into the iPhone. Don't understand your argument.
Totally different scenario, but yes, I also recognized the LED strip popping up everywhere as well. The difference is, Samsung is creating a new payment system using a totally different infrastructure. They LEAST they could do is implement NFC like everyone else seems to be doing. Fragmentation is just killing technology. Well maybe that's hyperbole, but it's very annoying.
The headlight technology doesn't hinder Audi in any way. Sure, they stole the idea, but car manufacturers all kinda steal from each other anyway if they can.
A better analogy I think is EV charging plugs. There was a standard, then Tesla created their own plug. The difference is, Tesla arguably implemented their system better, so at least they had an excuse.
If they pretend to be a swiped card buy reading the information from the magnet stripe of your original card (shudder), I can't see how they would be able to add tokenisation. Definitely not without the banks doing work, and they will want to see that this system is secure. Which somehow I can't see.
I like the LoopPay app, it's really well designed. The animation guide looks very cute. The ChargeCase appears to be of less quality, but it works like a charm just as it claims. Every time I use it people are amazed.
Review here: http://www.nicee.co/reviews/gadgets/peripherals/looppay/2014/06/chargecase
Review here: http://www.nicee.co/reviews/gadgets/peripherals/looppay/2014/06/chargecase
I don't get it...I really don't
LoopPay doesn't use NFC - it uses magnetic fields so that the reader thinks that a card has been inserted. It works even with bog-standard, decade-old card readers.
Some merchants may disable NFC, but they won't disable all magnetic-stripe cards.
They could secure it by generating single-use card details for each transaction, similar to the tokenisation system used by Apple and others.
Obviously Samsung see the momentum pay is getting, and the profit Apple is making every time somebody with an iPhone buys anything. It's eye-catching, other people will see people doing it in stores and will want an iPhone. Samsung needs to compete, but ideally in a way that doesn't introduce another Google dependency and which gets Samsung a cut of each purchase.
If I were managing Samsung's smartphones, this is what I would do. LoopPay appears to offer even wider availability than pay at a time when pay is fighting to establish itself. In an ideal world, they'd get this out quickly in a software update.
Yes, I will trust some totally unknown standard of payment never before in existence.
samsung GTFO with this mess.
samsung GTFO with this mess.
It's a right ****ing pain that the rest of us have to wait for new technologies like this because they are developed first for the US who are years behind the rest of the world on card payment systems.
It's the same ****ing reason I have to connect my iPhone to a wifi network to update the ****ing thing when I have an unlimited 4G data plan with my mobile contract. Just coz the US networks are years behind we all have to ****ing suffer.
It's the same ****ing reason I have to connect my iPhone to a wifi network to update the ****ing thing when I have an unlimited 4G data plan with my mobile contract. Just coz the US networks are years behind we all have to ****ing suffer.
I understand the benefit of the merchant not storing the actual card number, but I never understand why people think it's a big deal that the merchant doesn't know who we are.
If such anonymity were important, then why haven't we all been using cash instead of credit cards for the past forty some odd years?
Moreover, I constantly use loyalty programs at several merchants, who pay me back with monetary kickbacks and discounts. I also get custom advertisements and coupons for products that I'm usually interested in. A person would have to be foolish not to take advantage of programs like that.
It's also unavoidable at times, anyway. When you purchase drugs at a pharmacy, they have to know your name
Personally, I prefer not to be potentially swamped by advertisements and promotions by EVERY merchant I shop at. I agree with you, Some I don't mind, especially its somewhere I frequent regularly but if I'm buying once from someone, I prefer them not to have my info, or at least give me the option to provide it.
The cash VS credit card debate is one that will die soon. Because of loyalty programs like you mention, the ease at which paying electronically or by card has become and also the cost of goods (you'd have to carry around too much cash to pay for everything nowadays). We should be able to have anonymity AND convenience.
We'll arrive there. Currency is dying out soon anyway. Matter of fact, I don't think the US Govt prints anything over a $100 bill anymore (yet we still have the damn penny... go figure!).
Exactly. It perpetuates all of the fraud/hacking problems with magnetic stripes but wirelessly. There is still some convenience benefits as with Apple pay as far as organizing transactions.
Secondly, it fractures the Android market again. Nexus phones won't have this nor the knock offs.
There are some concerns with Google Wallet, links to Bank Accounts option that I personally don't like, Search of Purchase History by Google, need for Google to be in purchasing loop that scares customers, banks and merchants as an additional point of failure. But the Android market would be better off if these minor tweaks of Google Wallet were made.
And it will be interesting to see the form factor.