Samsung thinks it should copy anything Apple does. But I think they are out of their mind with "Samsung Pay." These guys have no track record of knowing Internet security. And to be a foreign company to boot, who would want to put their trust in them??? What recourse does one have in going after them? Suing the empty shell that is their US sales and marketing?
They acquired LoopPay which has a neat way to handle retail transactions: generate the magnetic signals that the scanning the card in the terminal would have. The S6 smartphones have the transmitter built-in. So that is good. The bad would me giving my credit card data to Samsung so that it can generate the code sequence. Not going to happen.
Apple can go vertically integrated but not Samsung.
They acquired LoopPay which has a neat way to handle retail transactions: generate the magnetic signals that the scanning the card in the terminal would have. The S6 smartphones have the transmitter built-in. So that is good. The bad would me giving my credit card data to Samsung so that it can generate the code sequence. Not going to happen.
Apple can go vertically integrated but not Samsung.