SAMSUNG AND PAYPAL COULD BE TEAMINGUP FOR SMARTWATCH-BASED MOBILE PAYMENTS
The Unhived Mind
Samsung and PayPal Could be Teaming Up for Smartwatch-Based Mobile Payments
By Tom Pritchard on 21 Sep 2014 at 1:30PM
http://www.gizmodo.co.uk/2014/09/samsung-and-paypal-could-be-teaming-up-for-smartwatch-based-mobile-payments/
Last week Apple made a big deal out of the fact that the Apple Watch was NFC enabled and could be used to authorise mobile payments without having to pull out your phone or wallet. But this new fangled system of watch-payments doesn’t end there since PayPal is rumoured to have partnered with Samsung to bring a similar system to a new Samsung smartwatch.
According to Business Korea, a high ranking Samsung official confirmed that one of the company’s third-generation smartwatches will offer “simple payment functions” powered by PayPal and protected by “fingerprint identification technology”. So a bit like the mobile payment system included in the Galaxy S5 then.
It did seem a little strange that PayPal is being left out Apple new devices at first. This could have been a move by Apple to prevent PayPal (and other virtual wallets) from directly competing with Apple Pay. Then again it could also be that this Samsung deal is where PayPal is placing all of its chips. It certainly wouldn’t be the first time Samsung got special PayPal features either.
The reports indicate that early 2015 is the time-frame for the new payment-centric watch to be released, roughly the same as the Apple Watch and rumoured European launch of Apple Pay. While Apple Pay itself relies on deals with banks and credit card companies, PayPal has no such limitations — which could prove incredibly advantageous. The service itself will reportedly launch in 25 countries simultaneously before eventually being available in more than 50 countries worldwide.
Apple Pay itself might well make mobile payments more mainstream, but it does seem that it won’t be without fierce competition for marketplace dominance.
theunhivedmind says:
These are not just a conditioner of the herd to the cashless society but they are also being used to brainwash the herd into accepting the forced electronic bracelet tagging. This tagging event will occur just prior or after an economic collapse but under pandemic situations such as Ebola, flu or respiratory syndromes (MERS & SARS). Without this electronic bracelet you will no longer exist in this system and will end up without work, travel or food! Why do you think they are getting everyone conditioned to the smartbands all of a sudden? One of the many clues was in the predictive programming movie ‘The Crazies’. I should remind you that wearing bluetooth or wireless devices on your body is dangerous and that your blood will pass by these smart band directed microwaves every seven to twelve minutes meaning your blood will be cooked over time and cell damage etc will occur. The tagging will be done by G4S and Serco both part of the Octopus of the nefarious ‘Black International’.
-= The Unhived Mind