Samsung is moving into mobile payments in a big way by acquiring LoopPay, a company that lets you pay for things with your phone similar to Apple Pay. LoopPay's technology mimics swiping a traditional credit card when you hold one of its smartphones cases up to a card reader. That gives it the advantage of working in 90 percent of existing payment terminals (or so the company says). We heard back in December that Samsung was eager to license LoopPay's technology, but now it looks like the two companies are jumping straight into marriage. But really, it's no wonder Samsung is eager to catch up with a wireless payment option of its own after Apple Pay's strong launch last fall, which even the U.S. government is adopting.
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James Potter