Samsung Pay vs Apple Pay vs Android Pay: Which Should Replace Your Wallet?

29 Sep 2015 | Author: | No comments yet »

Battle of the phablets: iPhone 6s Plus against Samsung Edge+.

COLUMBUS, Ga., Sep 28, 2015 (BUSINESS WIRE) — TSYS TSS, -3.76% today announced its relationship with Samsung Pay, which will offer TSYS clients — both issuing banks and acquirers — and their merchants a simple and safe way to offer and accept mobile payments using nearly any terminal where you can swipe or tap your card.Samsung Pay, the device maker’s competitor to rival NFC-based payment services including Apple Pay and Android Pay, is now live in the U.S. following its earlier launch in South Korea, where it saw over $30 million in transaction volume during its first month.The battle between Apple’s newly minted iPhone 6s Plus and Samsung’s rival premium superphones is afoot, so how do these big phablets — half phone, half tablet — line up? The payments platform, based on technology acquired from LoopPay, gives Samsung what it hopes will be a competitive advantage in the payments market, as it’s not limited to NFC-based payments alone.

Samsung Pay is currently available in Korea, and plans are already underway for expansion in other countries. “TSYS is a valued partner to help Samsung bring mobile payment from every-once-in-a-while to almost anywhere,” said Injong Rhee, EVP of Samsung Electronics, Global Head of Samsung Pay. “With Samsung Pay, customers can shop like it’s yesterday and pay like it’s tomorrow. Instead, Samsung Pay offers a way for consumers to pay using their Samsung smartphones via either NFC technology, like Apple and Google’s solution, or by emulating a magnetic stripe card. The latter item was the basis for Samsung’s $250 million acquisition of the startup LoopPay, which had developed and patented a technology called Magnetic Secure Transmission.

Though the U.S. is shifting to EMV-based credit and debit cards, which are more secure that the traditional magnetic stripe cards, there will still be a transitional period where not all customers’ cards have been upgraded to the chip-and-PIN technology, and not all point-of-sale terminals will support EMV transactions. Samsung Pay uses a digital tokenization instead of payment card information for every transaction and consent for payment must be authorized by fingerprint or pin. While the 6s Plus is the larger phone, the Edge+ also has the larger screen, 5.7 inches as opposed to 5.5 inches, thanks to its incredibly thin bezel. By putting people at the center of every decision we make, TSYS supports financial institutions, businesses and governments in more than 80 countries.

Samsung uses an 8-core Exynos processor: four cores at 2.1 Gigahertz and four at 1.5 Gigahertz, which means the phone can handle powerful tasks but saves energy by using the less powerful cores for lighter tasks such as web browsing. For starters, the payment technology is only enabled on select devices – the Galaxy S6, S6 edge, S6 edge+ and Note5 devices. (It will also support NFC on Samsung Gear S2 devices in select countries in the future.) Competitor Android Pay, meanwhile, works on nearly any NFC-enabled Android phone running Android 4.4 (KitKat) or higher. In addition, Samsung hasn’t forged a deal with Verizon, one of the U.S.’s top carriers, which means Samsung Pay for now only works on AT&T, Sprint, T-Mobile and U.S. In my test with AnTuTu benchmark v5.1.1, Apple’s A9 processor rated as the more powerful overall with a score of 58855 against the Samsung at 51847. But, out of the gate, Android Pay works with those partners as well as Discover and a number of other banks and issuers, including Capital One, Navy Federal Credit Union, PNC, Regions, USAA and Wells Fargo.

Samsung continues to strategically expand its partnership ecosystem for Samsung Pay to provide greater flexibility, access, and choice for customers while enabling an easy and safe payment experience. And then, those supported customers who know about the service and understand how it works will be even fewer, as consumer adoption of mobile payments is still heating up. Apple’s upgrade to the front-facing camera means better-quality selfies and with the display acting as a flash, you can take them in dark conditions.

Headquartered in Ridgefield Park, NJ, Samsung Electronics America, Inc. (SEA), is a recognized innovation leader in consumer electronics design and technology. Samsung Electronics Co., Ltd. inspires the world and shapes the future with transformative ideas and technologies, redefining the worlds of TVs, smartphones, wearable devices, tablets, cameras, digital appliances, printers, medical equipment, network systems, and semiconductor and LED solutions. Neither device supports micro SD card storage, so you’re left with either a finite 32GB or 64GB of RAM on the Edge+, or 16GB, 64GB or 128GB on 6s Plus. In iOS9, split-screen multi-tasking where you run two apps side by side is available only on iPads, but apps such as mail and calendar run in a two-column view in landscape mode. Research firm Telsyte managing director Foad Fadaghi says that iPhone 6 Plus represents about 30pc of iPhone 6 handsets sold, but users were migrating to the larger phablets, lured by bigger batteries and screen sizes.

Samsung’s own operating system Tizen can be stunning, as it is on its upcoming Gear S2 smartwatch, but to change to Tizen on its smartphones would be a massive call.

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