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User Info Safe After LoopPay Attack, Says Samsung

2015-10-10 00:58:40| TechNewsWorld

Samsung has assured users that their information is safe following a computer intrusion of a key company linked to its mobile payment system. The intrusion may have occurred as early as March. Samsung purchased LoopPay for $250 million in February. Its technology allows mobile phones to perform payment card transactions with older POS terminals that recognize only cards with magnetic strips.

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Category:Information Technology

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