This year may or may not be the year of Apple Pay as Tim Cook proclaimed, but it definitely feels like the year of the mobile wallet. For real this time.
Samsung confirmed on Sunday what Re/code has reported for some time: That Samsung’s new phones would include a mobile payment system that will let you tap your phones at checkout in brick-and-mortar stores using your Visa or Mastercard account to pay, but without the need for a physical card. Shoppers will use Samsung’s fingerprint sensor to help authenticate the transaction, which will pass along a placeholder card number through a process called tokenization, rather than a customer’s actual card information.
Re/code
