Hang onto your wallet – Samsung Pay is here | BetaBoston

From a/an (Samsung, Apple, Android) Pay snapshot

"[...] But the majority of retailers still sport old-school terminals designed for a piece of magnetized plastic – terminals that don’t support Apple Pay.

That’s too bad for iPhone users, but a foot in the door for Apple’s megarival, Samsung Corp. That company’s newest phones include technology invented in Burlington that can electronically “swipe” data into a standard credit card reader, without the need of a card.

It’s called Samsung Pay. It works, and it’s cool, but ultimately, it’s a dead end. In a few years magnetic swipe machines will be gone, as Americans switch to chip-based plastic. When this happens, Samsung Pay’s current advantage over Apple Pay disappears."

Hang onto your wallet – Samsung Pay is here | BetaBoston