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Back in February, Samsung acquired Loop Pay, which developed the MST technology, and it wasted little time building it into its phones.

A credit card pops up and you unlock it with your fingerprint.

At that point, you can either pay with NFC (as with Apple Pay or Android Pay) or hold it up near the spot where you swipe a credit card.

He contends that the threshold at which users will begin to really use mobile payments is 80 percent — that is, 80 percent or more of the stores you visit need to be able to let you pay from your phone.

Since Samsung Pay can work with most credit card terminals, Samsung believes that it has a jump start on the competition.

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Last modified 08-Jul-2018 02:43