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Hopefully whatever technology Samsung is using to power Samsung Pay catches on. It sends a magnetic field where you normally swipe your card. That "tricks" the
by tuxracer 10y ago
Hopefully whatever technology Samsung is using to power Samsung Pay catches on. It sends a magnetic field where you normally swipe your card. That "tricks" the machine into thinking a card was physically swiped. The terminal doesn't need to support NFC and it works even if NFC is turned off (as is the case for CVS).
- gst 10y agoThis won't be a long-term solution as the magnetic stripe is a legacy technology that's being phased out. Lots of US merchants already require the chip (if available on the card) instead of a magnetic stripe, and almost all European merchants only accept chip cards (and don't even have a reader anymore for the magnetic stripe).