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Samsung Said To Open Its Pay Service, Could Make It Available On Rival Companies' Smartphones (phonedog.com)
Samsung Pay, the second most OEM-Pay mobile payments service (only second to Apple Pay), may be available on smartphones from other manufacturers, according to a report. From an article: Samsung is in talks with other device makers about bringing Samsung Pay to non-Samsung high-end devices, according to a report from Gadgets 360. Samsung is reportedly aiming to offer Samsung Pay support for these non-Samsung devices by mid-2018. As for how it'll happen, Samsung is said to be considering two options. Samsung Pay relies on MST chips in order to offer contactless payments with non-NFC terminals, and so Samsung is said to be talking with other smartphone makers about adding MST tech to their devices. Another option that Samsung is thinking about is an external accessory like the LoopPay Card Case. This would enable Samsung Pay on supported devices without requiring the phones' manufacturers to add MST tech into their phones. Magnetic Secure Transmission technology is patented to LoopPay, which Samsung acquired two years ago. The feature, which mimics a card swipe, enables Samsung Pay to work on any card swiping machine, an advantage it has over Android Pay and Apple Pay.
Gonna ... BLOW UP! in their face!
Paying with a phone at any credit card swipe machine is incredibly nice. Works everywhere and people are always surprised when I pay with a phone at a regular terminal.
MST is unencrypted, and unidirectional. There is no challenge+response, so it would be trivial to create a listening device and hide it near the terminal to steal the signal.
Why can't manufacturers just get NFC universally implemented already? Or at the very least, chip readers? Hell they don't even have chip readers at gas pumps yet and they extended the deadline even further, so we probably won't see them until next decade, if even then.
These are financial transactions we're talking about here. Security should be paramount.
One word: Red Box.
OK. 2 words.
The vendor has a QR code.
You scan it, select the amount and it pops up in their system.
It probably has more features.
Samsung Pay uses a virtual prepaid card as an intermediary just like Android Pay did when it was Google Pay. Having the card number won't do any good because the card number you would intercept will never have any value on it for more than a fraction of a second.
What?
Corporation, n. An ingenious device for obtaining individual profit without individual responsibility. - Ambrose Bierce
Have you tried it in Europe? We don't have magnetic strip readers: only chip and sometimes NFC...
I can't wait to get Samsung Pay on the next iOS update!
#DeleteFacebook
This is why rewards cards with bonus categories (gas, groceries, travel, etc.) don't work with mobile payment systems, or give only the generic lowest "everything else" reward rate. No thanks.
I'd like to see them start a legal battle with Apple and force them to open up their NFC api.
It'd be hard to argue they're not being anti-competitive if a rival isn't allowed to offer their own service side-by-side with Apple Pay.
vos nescitis quicquam, nec cogitatis quia expedit nobis ut unus moriatur homo pro populo et non tota gens pereat.
Paying with a phone at any credit card swipe machine is incredibly nice. Works everywhere and people are always surprised when I pay with a phone at a regular terminal.
Call me old fashioned, but I don't want to pay using my phone. I need my wallet anyway because it has my drivers license and health insurance card in it- two things I'd never go anywhere without. So my wallet is on me anyway.
I'd rather have a completely separate device (my credit card) to my phone rather than not be able to pay if my battery dies, or slow everyone down by using some bloody app (like those annoying ladies at Target with their cartwheel app).
Plus from a security stand point- I don't know that I trust my phone to have payment authorization. From a privacy standpoint I don't either.
"That's the way to do it" - Punch
I am waving my cane at clouds with these... why do I want my phone to also be my credit card at the grocery store? I suppose I wouldn't mind have a thinner wallet but it isn't really any harder to get out of my pocket than my phone. Do you guys find this stuff useful?
Call me old fashioned, but I don't want to pay using my phone. I need my wallet anyway because it has my drivers license and health insurance card in it- two things I'd never go anywhere without. .
In the future your driver's license and health insurance card will be on your phone.
And not too far in the future, either.
I need my wallet anyway because it has my drivers license and health insurance card in it- two things I'd never go anywhere without. So my wallet is on me anyway.
It's not an either or situation. I carry my wallet with me as well.
Plus from a security stand point- I don't know that I trust my phone to have payment authorization. From a privacy standpoint I don't either.
It's a separate card number. Once you attach a specific card to Samsung Pay, they create a new credit card number for the phone to use.
I went back to paying CASH for things I purchase in person about 6 weeks ago and I've never been happier. No worrying about whether someones payment system is hacked or compromised in some way to steal my payment information, and only a few receipts from ATM machines in my wallet at the end of the month. Bonus points: No one can track my purchasing habits anymore because there's nothing to track. Only my monthly bills get paid electronically and I'm looking into ways to limit my exposure to risk on those, too. All you haters who are going to now comment that I'm going to get mugged for the thousands of dollars in my wallet can fuck yourselves, it's only $100 at a time and I don't live in some inner city slum or shithole country where you fear for your life every goddamned day so STFU, you're all a bunch of weaklings who give in to corporate snooping for mere 'convenience' while master-race people like ME still have some PRIVACY and never have to fear any assholes stealing my identity or raiding my bank account or credit cards because I DON'T USE THEM ANYMORE. You all suck, you're all stupid, eat shit and die.
Giving access to my credit cards to the Samsung control freaks. I don't think so. I mistrust Google a bit less, which is why I also won't use their Android Pay thing.
It's a separate card number. Once you attach a specific card to Samsung Pay, they create a new credit card number for the phone to use.
I guess I'm worried that malware will hijack this solution and start charging things to my card; or malware that will record everything I buy. I'm probably worrying without merit, but adding more functionality to my phone, especially allowing it to make payments just makes me feel very uneasy for some reason.
"That's the way to do it" - Punch
>Samsung Pay, the second most OEM-Pay mobile payments service (only second to Apple Pay)
That is complete bullshit. Biggest mobile payment platforms:
1. Zhifubao
2. Wechat pay
3. Whole FeliCa ecosystem if you can add it as a whole
4. Mpesa
5. Qiwi
6. Paytm
7. Yandex pay
Apple and Samsung will have problem contesting even the 8th place.
No you are not worrying without merit. When a pay-by-phone solution becomes ubiquitous, it becomes a huge target. It will get attacked, probably via unpatched Android security bugs.
It's a separate card number. Once you attach a specific card to Samsung Pay, they create a new credit card number for the phone to use.
I guess I'm worried that malware will hijack this solution and start charging things to my card; or malware that will record everything I buy. I'm probably worrying without merit, but adding more functionality to my phone, especially allowing it to make payments just makes me feel very uneasy for some reason.
At least with Apple Pay, the things you buy and the transactions themselves/places are not exposed to the operating system. You take a picture of your credit card, your iPhone then determines the card provider and communicates with their servers telling them that you enabled Apple Pay.
Now each and every time you use Apple Pay your iPhone produces a 16 digit credit card number, a unique one with every purchase to the POS. The POS then communicates with the card providers servers to say, "Is this a legitimate card". The card provider then replies, "Yes it is". The 16 digit card number provided by iOS is then erased, whether the transaction is successful or not.
In the civilized world, chip readers are already universal at 100% of locations that accept credit cards. NFC is somewhere around the 90%+ range and climbing.
Samsung pay works with NFC, but does not work with chip. Meaning that it only works in that 90%+ range, and not the other almost 10%. In other words, exactly the same places that Android Pay works. The MST technology doesn't help because nowhere allows you to do a mag stripe transaction with a chip enabled card (and all cards issued include a chip)
Of course for countries that haven't caught up to last decade's technology, there may still be some small advantage to this.
My guess is the vendor mag reader doesn't know how to do the handshake which does all the security stuff that the chip enables. Meaning at some point MasterAmexVisaCard will jack up fees for swiped transactions to make them uneconomical. Apple chose right here, and chose the tech with more future ahead of it.
You don't know what you're talking about.
All of the cards I have in Samsung Pay are chipped cards and they all work fine with MST. The virtual card doesn't signal to the reader that it's a chip card, so there's no failure for the "swipe" and no prompt to insert the card.
And yet reviews are full of "didn't work as the terminal prompted me to insert the chip card to continue"
So apparently you're a unique case, or live somewhere where chip cards aren't mandated to make up 100% of all cards.
The majority of the time, it's FASTER to pay, at least with Apple Pay, than with a regular credit card -- ESPECIALLY the chip cards where you have to leave them in the reader for an insane amount of time.
What's a swipe machine? There are now teenagers who would have never seen someone swipe a card in their life.
For that matter, what's a Pay Service? I mean I certainly don't rely on a third party service to pay for something using my phone's NFC and my bank. But more middle men = more better right?
I imagine it depends if the reader supports chips and have chips enabled. In the US, a lot of places are slowly transitioning so have chip readers without the chip functionality enabled. Fortunately they usually DO enable NFC.
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If not in the US, it really doesn't count.
Twitter supports and protects racists - by smearing their critics with the "Hate Speech" label.
The way all appliances seem to be moving towards running Android these days, I will probably be able to pay in the supermatket with my 50" Samsung TV soon.
Hence why I stated "in the civilized world". Chip readers are on 100% of terminals here. there are zero terminals still in use without them as they no longer meet standards.
These terminals "usually" have NFC, but not 100%, so you can't just leave the card at home and use any app based system.
I got your attempt to be clever, but it's kind of a stupid point since there is still a very large market of people that regularly see terminals that have chip readers that aren't enabled and so accept magstripes
Only in a few backwards countries.
I mean, you can act as smug as you want about your country having a slightly newer technology than the US, but that doesn't make good business sense to ignore a large market.
The American banks have been ignoring that market for decades, they still seem to be doing all right.