{"id":80159,"date":"2015-02-19T08:13:56","date_gmt":"2015-02-19T06:13:56","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=80159"},"modified":"2015-02-19T08:13:56","modified_gmt":"2015-02-19T06:13:56","slug":"samsung-wants-to-challenge-apple-in-payments","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/mobile\/80159\/samsung-wants-to-challenge-apple-in-payments\/","title":{"rendered":"Samsung wants to challenge Apple in payments"},"content":{"rendered":"

Samsung is buying mobile-payment startup LoopPay as the Korean phone maker steps up its rivalry with Apple and its payment system on iPhones.<\/p>\n

LoopPay works by reproducing the signals from a credit card’s magnetic swipe as users tap a LoopPay device next to a retailer’s card reader. That means LoopPay should work with most retailers’ existing payment terminals.<\/p>\n

Most other mobile-payment systems, including Apple Pay, require newer terminals with wireless chips called near-field communication, or NFC.<\/p>\n

Samsung Electronics Co.’s agreement to buy LoopPay strengthens speculation that Samsung plans to include mobile-payment technology in its next major phone, which is expected to be announced<\/p>\n

March 1 at the Mobile World Congress in Barcelona. The companies didn’t disclose financial terms or say when the transaction will close.<\/p>\n

More on Samsung<\/h3>\n

Blackberry responds to Samsung buyout talk<\/a><\/strong><\/p>\n

Samsung eyes $7.5 billion BlackBerry buy<\/a><\/strong><\/p>\n

Samsung launches $90 Tizen smartphone<\/a><\/strong><\/p>\n

Samsung expects lowest profit since 2011<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Samsung is buying mobile-payment startup LoopPay as the Korean phone maker steps up its rivalry with Apple and its payment system on iPhones.<\/p>\n","protected":false},"author":5,"featured_media":1591,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[34],"tags":[25,51,9507,52],"class_list":["post-80159","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mobile","tag-active","tag-apple","tag-payment","tag-samsung"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/80159","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=80159"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/80159\/revisions"}],"predecessor-version":[{"id":80165,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/80159\/revisions\/80165"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/1591"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=80159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=80159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=80159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}