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.
Powermat to Upgrade Starbucks Charging Mats to Support iPhone X
Powermat, which has deployed PMA-compliant wireless chargers at thousands of Starbucks locations around the U.S., plans to update its charging pads to support the iPhone X, iPhone 8 Plus, and iPhone 8 from Apple. At the moment, there are two competing wireless charging standards, PMA and Qi.
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.
Samsung Pay Wins Support from More Banks
Samsung today said Samsung Pay will soon be supported by more financial institutions. This means a broader range of consumers will be able to add their credit or debit cards to Samsung Pay.
An other one?
Keeping most of the profits?