Quick Intro to Apple Pay, Android Pay, Samsung Pay
All the major mobile manufacturer’s are desperately trying to stake their claim for a slice of the potentially massive Mobile Payments market – with a slice of every transaction/payment their aim.
As of June 2015, Apple Pay is already operational in the US and, as announced at WWDC 2015, will hit the UK and possibly other markets in July 2015. Android Pay is officially coming soon and Samsung Pay is due in the US and Korea in Summer 2015.
All these Mobile Payments systems share some common features – they all allow contactless payments and use Near Field Communication (NFC) technology.
Security is provided through tokenization and features unique to each manufacturers device – Apple Pay uses Touch ID, Android Pay uses a passcode or PIN code and Samsung Pay uses the fingerprint recognition available on Samsung Galaxy S6 and S6 edge.
Mobile Payments – More Info
I’ve provided more info on the following posts: