By: Tatilsever

Tatilsever — Thu, 19 Feb 2015 18:32:39 +0000

> “LoopPay will work with any terminal in the world whereas less than 10% of terminals in the US alone are NFC enabled.”
Sure, but most US credit cards should become chip-and-pin based in about a year with magnetic stripe readers being phased out pretty soon afterwards. I expect most readers to get NFC in two years, but even if that does not happen, support for magnetic strips will cease and it doesn’t sound like Loopay’s backwards compatibility will amount to much in an era of chip-and-pin cards.

Comments on: Samsung – Back to basics

By: Tatilsever