In March within the announcement of the flagship smartphone, the Galaxy S6 and Galaxy S6 edge Samsung has announced its own payment service, Samsung Pay, which works with a large number of retailers than Apple Pay. Four months later, Seoul was still preparing the launch of the project. Samsung promises to carry out the commercial launch payment service in September 2015.
The technology built into the Galaxy S6 and Galaxy S6 edge, allows you to pay for the goods, only bringing the gadget to the reader at the checkout of the store. Using the fingerprint sensor on a smartphone to be used for authorization of payments, as implemented on the iPhone. However, unlike Apple Pay, the payment system Samsung Pay in addition to the NFC technology is used MST – “magnetic secure transmission” used POS terminals to receive contactless payments from mobile devices without the need of making changes in the software.
The principle of operation is to copy the information of the magnetic field maps. After confirming the user’s identity using biometric module smartphone recreates copied to this magnetic field map, which is used for making payments. Due to this, the possibilities for use Samsung Pay, imitating the method of payment by credit card, much wider than Apple Pay. At the time, as payments with Apple Pay supported in 220 000 retail outlets in the USA, for Samsung users Pay 30 million retail outlets.
As it became known that Samsung is not yet able to achieve error-free operation of the fingerprint sensor and generate a corresponding magnetic field.
The main problem, according to BusinessKorea, is not so much the technology but in a large number of models CAT-terminals, at least half of which was released over 10 years ago. It is the desire Samsung to achieve the operation of the service, forced the company to shift the launch date of Samsung Pay from July to September 2015.
Original Samsung Pay will be available to owners of smartphones Galaxy S6 and Galaxy S6 in the U.S. and Korea. Then the geography of Samsung Pay will be extended to Europe and China.
