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Samsung thinks it has a solution for that last problem, though, and predictably enough it's called "Samsung Pay." To fix the problem of ensuring that more stores will take mobile payments, Samsung turned to a clever piece of technology that lets you pay at most any terminal where you can swipe a credit card.The trick comes thanks to a tiny coil that shoots out the same magnetic code that those readers normally get from your credit card.Download Your questions answered: How to protect your data in the cloud The number of successful cyberattacks per year per company has increased by 46% over the last four years. But what really needs to be considered when exploring a solution? Until recently, talking about mobile payments without using words like "confusing" or "mess" meant essentially lying.A confounding mix of banks, carriers, manufacturers, point-of-sale systems, and all the competing interests behind those businesses served to make paying with your phone unreliable.We’ve already had sex and I think we took it way too fast.
Since Samsung Pay can work with most credit card terminals, Samsung believes that it has a jump start on the competition.
Samsung Pay is launching in Korea on August 20th and in the US on September 28th — though a software update which enables it will come sooner.