Tag: samsung

Samsung Pay is set to come to the United States in the coming months

Samsung Pay, Samsung’s new mobile payments service, is expected to launch in the United States in the coming months. The service was first launched in South Korea in 2015, where Samsung has been testing the service and fine tuning its features. Samsung Pay is set to compete with other mobile payments services in the U.S., particularly those coming from Google and Apple. The company is confident, however, that the service will appeal to U.S. consumers, especially as new features are being introduced.

New mobile payments service will be available on a variety of mobile devices

Recently, Samsung announced that its mobile payments service will be available on non-flagship devices, which are not equipped with NFC technology. NFC has become the backbone of mobile commerce, allowing digital information to be transmitted over short distances. In the past, the lack of NFC-enabled mobile devices made it difficult for consumers to make mobile payments, but device makers have brought numerous devices equipped with NFC technology to the global market, expanding the reach of mobile payments.

Samsung Pay will support Magnetic Secure Transmission technology

Samsung Pay is, of course, not a copy of other payment services. The service features support of Magnetic Secure Transmission, which is why consumers do not need NFC-enabled devices to make use of it. This technology allows Samsung Pay to work in a way similar to existing debit and credit cards. Samsung believes that this feature can be expanded to make mobile payments more convenient for consumers throughout the United States.

Security will continue to be a challenge for those involved in mobile payments

One of the challenges Samsung will have to overcome to find success in the U.S. is security. Many consumers have shown caution regarding mobile payments because of security risks, as they fear that their financial information may be exploited by malicious parties. Samsung, and other companies, have been working to address security issues, particularly through the use of biometric technology, which leverages biological information, such as a fingerprint, to secure consumer information.

This could help to change the expectations that consumers can have from wearable technology.

Among the most popular uses for wearable technology at the moment is health tracking but despite the fact that it currently has its limitations, Samsung is hoping to change those restrictions using its new Bio Processor chip technology.

The current generation of wearables is limited to tracking functions such as heart rate, breathing, steps, and similar.

That said, with technology such as the Bio Processor chip, the plan is the bring the next generation of wearables up to an entirely new level of options for users. This will include a range of new options for health monitoring so that users can keep track of their vital signs in real-time. This will be possible only with new and improved sensors, such as those under development by Samsung, among others.

The Bio Processor chip is meant to have a range of additional benefits over what is currently available.

According to a recent announcement from Samsung, this chip will be able to collect a notably broader spectrum of health sensor data through improved built-in memory, power management, a digital signal processor and its micro-controller. What is considered to be exceptionally appealing about this new technology is that it can use the sensors to measure the data that is collected without having to rely on any other types of processors. This chip provides everything it needs to be self sufficient to that degree.

So far, this tiny little processor has been compared to heart rate monitoring chips that have been previously released. However, Samsung has differentiated itself by integrating sensors to measure additional functions as well. For instance, it is integrated with sensors that will measure skeletal muscle mass, body fat levels, heart rhythm, heart rate, skin temperature and even the individual’s skin temperatures.

Samsung’s Bio Processor chip is already in mass production and it is anticipated that this technology will start to be incorporated into devices as early as the first half of 2016. It will be interesting to see how rival companies respond to this new and advanced range of wearable technology tracking options.