Apple Pay "friend Toto", Samsung "challenge" push non-NFC payments

After two months on the line, Apple's mobile-payment business, pay, is increasingly appealing--according to local media reports--Apple announced that another dozens of U.S. banks, retail outlets and start-ups have decided to support the service. Apple says the bank card supported by Apple Pay accounts for nearly 90% of the total US credit card purchases. Samsung Electronics, Apple's biggest competitor, sees it as a new competitive market. Samsung Electronics is in contact with a US mobile payment innovation Company to launch mobile payment without NFC (near-wireless communications), according to Recode, the US technology news website.

Apple Pay "Friends"

It is reported that since Apple October 20 in the United States officially online Apple Pay business, the first batch of partners, the United States, the largest natural food and organic food retailer Whole Foods said Apple Pay in its early online completion of 150,000 transactions. McDonald's, another Apple Pay, also revealed that Apple Pay accounted for 50% of its November click Payments.

Apple Pay is an NFC-enabled mobile-payment feature launched at its new launch this fall. At present, Bank of America, retail chain store, food business, stationery business, NBA team, entertainment, taxi software and other industries are beginning to support Apple Pay. At the same time, more and more new partners are joining. This is much different than the "slow heat" of mobile payments such as Google Wallet. Apple is also saying that Apple Pay's bank card accounts for nearly 90% of the total US credit card purchases.

Samsung "Challenge" push non-NFC payments

As the smartphone market, one of the two strong, Samsung Electronics to make Apple special beauty? Previously, Samsung and the global mobile phone payment maker PayPal (ie "PayPal") has reached a co-operation in the partial support of fingerprint scanning Samsung mobile phones, support PayPal fingerprint payment, that is, fingerprint scanning to authenticate the user identity. However, this cooperation is not as influential as Apple Pay.

Samsung has come up with another trick, according to Recode, an American technology news website recently: or with a US payment company called LoopPay, to launch a mobile payment tool that does not need to install NFC terminals.

It is reported that LoopPay mobile payment, did not use fingerprint identification, and did not use NFC, but the adoption of a new wireless transmission technology-the traditional credit card and debit card of the magnetic stripe user information, copy to the phone protection shell or even keychain and other hardware. Users will close these hardware to the collection equipment, through a unique electromagnetic technology, you can achieve the effect of the card.

LoopPay related people have said that in 2015 the company's unique payment technology may be integrated into a mainstream smartphone, so as to achieve large-scale market popularity. However, the person did not mention Samsung's information.

If Samsung succeeds in integrating the technology into new handsets, there will be a variety of mobile payment scenarios in the 2015 market. For consumers and businesses, the ease of operation, security and low cost of use will be measured by mobile payments who go further three latitude.