Re: Security in standardization
@jagibbons, while I consider LoopPay highly insecure, I believe Samsung strategy is quite smart to fight Apple Pay in the US market. This way people get use to mobile payments and, when the new EMV and NFC contacless terminals are everywhere, they are already used to pay with their phones.
The card payments association expects 45% of US terminals to accept EMV chip technology by the end of the year.
As I mentioned in my article the magstripe technology has no place in Europe and most of world where EMV has been deployed. Here in Barcelona most of the payment terminals are also contactless.
Probably Samsung will save a few bucks and do not include LoopPay on the S6 devices sold in Europe.