Mobile Payments is another battle ground for the tech companies like Apple, Google and PayPal to be fighting it out in, and all this comes at a price, which specifically for Samsung amounts to about $250 million USD. That's how much the Korean phone maker splashed out on purchasing LoopPay earlier this year. The […]
Samsung Electronics has acquired LoopPay, a Mobile Payment startup, which is seen as a move to take on Apple's Apple Pay service, which has been gainining momentum lately. LoopPay says its patented technology called Magnetic Secure Transmission "turns existing magnetic stripe readers into secure, contactless receivers." The company says its service has the potential […]
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