LG to Jump Into Mobile Payments Fray
LG has indicated it plans to offer a mobile payment service called LG Pay. The company has signed agreements with the largest credit card issuers in South Korea, Shinhan Card and KB Bookman Card. LG said LG Pay will work with all its phones, but it did not describe what technology it will use to power the system. Apple Pay and Android Pay use NFC, while Samsung Pay relies on NFC and MST for interacting with retail terminals. LG will launch LG Pay in Korea first, but the timeframe is unclear.
Synaptics Says A 'Top Five' Phone Company to Use Its Under-the-Glass Fingerprint Reader
Synaptics today said of the five largest phone manufacturers in the world has agreed to use its Clear ID FS9500 optical, in-display fingerprint sensor. The FS9500 can scan fingerprints through the full thickness of smartphone cover glass, which means device makers can create sleek, button-free designs and still include a fingerprint reader on the front.
Target Adds Mobile Payment Feature to its App
Target today made it possible for people to make in-store payments with their smartphones through the Target mobile app. Similar to Walmart’s offering, shoppers can link their debit cart to the new Wallet function within the Target app.
Samsung Pay Launches In the US
Samsung today made its mobile payment service, Samsung Pay, available to U.S. consumers.
Samsung Pay to Add Online Payments Next Year
Samsung plans to expand Samsung Pay in 2016 to more devices, more retailers, and more markets. Wider "handset availability of Samsung Pay as well as online payment support is coming soon," said Samsung Pay exec Thomas Ko, speaking to Reuters.
An other one?
Keeping most of the profits?