Posted on 02/27/2016 2:13:10 PM PST by CodeToad
Apple Pay vs Samsung Pay Technology
This is where the two standards really differ. Apple's implementation of Apple Pay is really quite traditional, in the sense that it follows the NFC standard that had been established in previous mobile payment systems.
You can only make Apple Pay payments in NFC reader-equipped retailers those that still carry traditional card readers are entirely out of the loop until they upgrade.
And that's where Samsung Pay could really trump Apple Pay. Thanks to Samsung's acquisition of LoopPay, it has implemented Magnetic Secure Transmission technology into its payment system.
This essentially fools classic magnetic stripe card reader technology into thinking a physical card is being swipe through, when it's actually a digital signal. In practice, it will feel much like a standard NFC payment.
As such, retailers don't need to upgrade in order to accept mobile payments from Samsung Pay devices.
Of course, Samsung Pay also makes use of NFC technology, where available, to make modern mobile payments. This will become more prominent as time progresses, but for now Samsung Pay's legacy support knocks Apple Pay into a cocked hat
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Betamax was technologically superior to VHS.
8 track was better than cassette
I’m looking forward to using this on my next phone, probably the Note 6.
parchment was better than cave walls.
right and to think we’re not allowed to criticize anything about Apple on FR and it’s been that way for years. Same goes for the Frreper on here that posts daily Joel Osteen threads, and there is no commenting allowed AT ALL in those threads even though most people would call Joel Osteen a fraud and a scammer and not even a Christian.
Laserdisk was better than DVD
In what way? DVD has better resolution, a smaller form factor, digital sound. What advantage does laserdisc have?
I couldn’t find the details in the article: how does Samsung Pay emulate a magnetic card stripe? Does it come with a digital card into which the phone downloads all of your regular credit card info?
nostalgia! Just like the other responses before mine that I was playing along to.
So will Samsung use Samsung pay to fork over all of the judgements against them for stealing Apple technology?
The first service that isn’t hostile to rooted(made unrestricted by the end user) devices is fine by me. So far, Samsung (no thanks, Knox), Google (no thanks, SafetyNet & Compatibility Test Suite), and Apple lose on that front.
Pardon for the tech heavy parts, just that these services tend to not like non-stock devices too much.
Gerbils are prettier than rats
Well i had mine dialed in by mad man muntz himself thet had a 3 year reighn on the cassettes
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