Samsung Says LoopPay Hack Didn't Harm Customer Data
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Oct 8, 2015, 7:45 AM by Eric M. Zeman
Samsung said a recent hack of subsidiary LoopPay did not impact Samsung Pay, its mobile payment service. Samsung purchased LoopPay in February to bolster its Samsung Pay product, which is able to use NFC and LoopPay's MST technology to make mobile purchases in retail stores. "Samsung Pay was not impacted and at no point was any personal payment information at risk," said Samsung in a statement. "This was an isolated incident that targeted the LoopPay office network, which is a physically separate network from Samsung Pay." Samsung Pay launched just a few weeks ago. It allows owners of the Galaxy S6, S6 Edge, S6 Edge+, and Note 5 to pay for goods and services at a wide range of businesses around the U.S. LoopPay's MST technology makes Samsung Pay much more widely available than Android Pay and Apple Pay, which are limited to terminals with NFC.
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my wallet is alot thinner now !