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LG Joins NFC Payment Party With LG Pay (cnet.com)

Posted by msmash on from the gaining-momentum dept.

An anonymous reader shares a report: Apple and Samsung have been fattening their pockets with digital wallets for years, and now LG wants in. The company rolled out LG Pay in South Korea on Friday, it said in a statement. South Korean users of the LG G6 will be the first to be able to use the service. LG Pay allows users to register up to 10 of their frequently used cards, including credit, membership and transportation cards. To make payment with LG Pay, users tap their phone against a credit card terminal and scan their fingerprint.

7 of 55 comments (clear)

  1. WTF is an "LG"? by Anonymous Coward · · Score: 2, Funny

    https://xkcd.com/927/

    Thanks, LG!

    1. Re:WTF is an "LG"? by omnichad · · Score: 2

      LG is an electronics company. This is not a new standard. This is just another contactless EMV proxy payment service. It uses the same "standard" as Apple Pay, Android Pay, and Samsung Pay (and doesn't actually require special support to accept payment).

  2. Why not just a single standard by CastrTroy · · Score: 3, Insightful

    Why not just make a single standard NFC Pay that any phone with NFC can implement? We already have Android Pay. What is the advantage of having LG Pay vs. Android Pay on an LG phone that already has Android installed? I have a Samsung phone that supposedly supports Samsung Pay, but I've never even configured it as I don't think I've seen a single store that advertises accepting Samsung Pay.

    --

    Anthropic principle: We see the universe the way it is because if it were different we would not be here to see it.
    1. Re:Why not just a single standard by 93+Escort+Wagon · · Score: 2

      Right now, companies make this a feature for top end phones: Apple only has it for iPhone 6 & above, Microsoft only had it for the Lumia 950/XL, and so on.

      This is not correct. Once Apple introduced Apple Pay, it's been on every new phone they've developed since - including the iPhone SE. The only exception was the iPhone 5C, which was introduced as a low end option when the first iPhone with TouchID (the 5S) was introduced.

      --
      #DeleteChrome
    2. Re:Why not just a single standard by XXongo · · Score: 3, Insightful

      Why not just make a single standard NFC Pay that any phone with NFC can implement?

      That question was addressed by the first post: https://xkcd.com/927/

  3. Re:NFC? by Aaden42 · · Score: 3, Informative

    Nope. The thing that has prevented thieves from stealing my money several times since I've started using it.

    A couple of vendors I've used have been "hit" since I started paying exclusively with ApplePay when shopping with them. My one-time-use card number was useless by the time thieves got it. No fraud, no need to get cards reissued. I might actually have a credit card survive until its expiration date without having to get a new one. Probably the first time in a decade if that manages to happen.

    Granted, that's ApplePay's one-time function on top of NFC, not purely NFC. Still a BIG improvement over swiping my magstripe all over town for anyone to capture.

  4. Android Pay and LG G6 by ArkiMage · · Score: 2

    I'm already using Android Pay on my G6. What would compel me to use their app instead? Either of them (as well as Samsung/Apple) Pay all already follow the same phoneterminal standard. NFC... So, nothing to see here, don't install LG's app, use AndroidPay, move along...