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I'm an Aussie and use one of the big bank's apps on a s6 edge (the edge is weird and I hate it). Contactless payment already works great in exactly the way tha
by tomlock 10y ago
I'm an Aussie and use one of the big bank's apps on a s6 edge (the edge is weird and I hate it). Contactless payment already works great in exactly the way that a credit card does as a store terminal. Anyone know if Samsung gets a cut?
- smitec 10y agoNot sure which bank you are with but mine seems to have some exclusivity deal with samsung phones which it hides under the guise of 'other phones are not secure enough to do contactless payments'. Not a hard fact but it would also lead me to believe they get some sort of kick back.
- viraptor 10y agoSamsung phones have a secure element, which means your NFC transactions happen a bit outside of the normal app's control. There's some extra information here: http://www.sequent.com/secure-elements-vs-cloud-based-hce-secure-nfc-mobile-payments/ http://www.sequent.com/secure-elements-vs-cloud-based-hce-se... It's true that they provide security, but then again, other banks are happy to use other techniques (commbank's app does nfc payments on pretty much anything with NFC - nexus 5 included)