Samsung Pay takes on Apple Pay, but goes further

first_imgby: Lance UlanoffSamsung introduced the Samsung Galaxy S6 and the Samsung Galaxy S6 Edge on Sunday, two sleek new smartphones that both feature the new Samsung Pay.Like Apple Pay, Samsung Pay will let you enter your credit card information and create a tokenization that protects that information — creating a unique credit card number for each device — and payment data. It will even come with physical authentication in the form of a re-engineered fingerprint reader on the Galaxy S6: No more swipe, just tap your finger or thumb. It’s very Apple Touch ID-esque.Last month, Apple told us that a huge percentage of mobile payments at some major retailers are through its NFC-enabled Apple Pay on the iPhone 6 and 6 Plus.But we know that very few smartphone-enabled mobile payments are taking place overall — so big percentages don’t quite make a trend.Part of the holdup: Not all retailers are on board with the new payment systems. Not every point of sale has an NFC kiosk, and even some that do have disabled NFC while they wait for other options. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img

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