Samsung Electronics hari ini mengumumkan bahwa mereka telah setuju untuk mengakuisisi LoopPay, penyedia solusi mobile wallet tanpa kontak (contactless) yang aman. Teknologi LoopPay memiliki potensi untuk bisa bekerja di 90% dari terminal point-of-sale (POS) yang ada, tanpa investasi dalam infrastruktur baru yang dibutuhkan oleh pedagang. LoopPay akan bergabung dengan Samsung untuk memperkuat keseluruhan upaya perusahaan untuk menyediakan pengguna dengan solusi mobile wallet yang mulus, aman, dan handal.
Sebagai bagian dari akuisisi, pendiri LoopPay dan veteran pengusaha industri pembayaran Will Graylin dan George Wallner akan bekerja sama dengan Divisi Samsung Mobile. LoopPay telah membangun solusi pembayaran contactless yang canggih dan diterima secara luas menggunakan teknologi Magnetic Secure Transmission (MST) yang telah dipatenkan. Bakat dan teknologi LoopPay, digabungkan dengan teknologi mobile terkemuka di dunia, pangsa pasar global, dan kemampuan distribusi dari Samsung akan membantu mendorong inovasi dalam dompet pintar digital generasi berikutnya.
"Akuisisi ini mempercepat visi kami untuk mendorong dan memimpin inovasi dalam dunia mobile commerce. Tujuan kami selalu untuk membangun pengalaman mobile wallet yang paling pintar, paling aman, user-friendly, dan kami sangat senang untuk menyambut LoopPay untuk membawa kami lebih dekat ke tujuan ini," kata JK Shin, Presiden dan Kepala Divisi IT dan Mobile (IM) di Samsung Electronics.
Samsung memiliki hubungan yang erat dengan LoopPay, setelah pertama kali mengidentifikasi potensi teknologi perintis ketika menjadi investor strategis bersama dengan Visa dan Synchrony Financial. Investasi, yang difasilitasi oleh Samsung Global Innovation Center, membantu pengembangan teknologi MST LoopPay.
"Kami sangat antusias untuk membawa hubungan kita dengan LoopPay ke tingkat berikutnya, dengan menghadirkan solusi mobile wallet buat konsumen yang tidak hanya aman dan dapat diandalkan, tetapi juga diterima secara luas di lebih banyak lokasi daripada layanan pesaingnya," kata David Eun, EVP dari Samsung Global Innovation Center. "Melalui kesepakatan ini kita dapat secara signifikan mempercepat upaya mobile commerce kami. Para pemimpin LoopPay yang luar biasa dan tim mereka memiliki hubungan yang mengakar dengan bank, jaringan kartu kredit dan pedagang yang akan melengkapi dengan apa yang telah dikembangkan oleh Samsung selama bertahun-tahun."
Margaret Keane, Presiden dan CEO dari Synchrony Financial, penyedia kartu kredit private label terbesar di Amerika Serikat dan pemimpin dalam promosi pembiayaan, serta investor di LoopPay, berkomentar, "Ini adalah berita bagus bagi pelanggan kami yang dapat mengakses kartu mereka dan melakukan pembayaran menggunakan teknologi contactless MST dari LoopPay. Tujuan kami adalah untuk menawarkan produk-produk berharga bagi klien kami, penyedia layanan, dan pelanggan kami. Kami berharap dapat bekerja sama dengan LoopPay dan lainnya untuk memberikan solusi pembayaran mobile yang aman buat semua 60 juta rekening aktif kami."
"LoopPay difokuskan pada memberikan solusi dompet digital yang bisa diandalkan untuk konsumen di seluruh dunia, salah satu yang memberikan nilai lebih dari penerbit kartu dan merchant yang melayani mereka," kata Will Graylin, CEO LoopPay. "Kami sangat antusias untuk bergabung dengan keluarga Samsung untuk melanjutkan tujuan kami untuk membuat dompet smartphone yang terpercaya, aman, cerdas dan membuka kemungkinan tak terbatas dari mobile commerce."
LoopPay, Samsung, and the Digital Wallet Platform
Dear Friends,
Today is a great day for LoopPay and all those who have supported us over the last few years. I’m excited to let you know that LoopPay has signed an agreement to be acquired and become a wholly owned subsidiary of Samsung Electronics America, Inc.
With our earliest supporters at our side, we have been at the forefront of contactless payments to create a platform that brings together issuers, merchants and consumers that facilitate a seamless and rewarding digital wallet experience. We will continue to innovate and operate as an independent team from Boston, Massachusetts.
Thanks to our customers, staff, management team, families, partners and investors who have made LoopPay the world’s most accepted mobile payment solution which leverages existing magnetic stripe readers to receive payments from consumers’ mobile devices.
Our vision of inspiring consumers to transition from a physical wallet to a truly digital wallet will continue. I’m most excited that Samsung shares this vision and has chosen to help change how we shop and pay for goods and services. We look forward to working with Samsung to offer the world’s most secure and compelling mobile platform.
The road ahead is an exciting one, and we look forward to continuing this journey together.
Will
Will Graylin
Samsung to Acquire LoopPay, Transformative Digital Wallet Platform
MOUNTAIN VIEW, Calif. & SEOUL, South Korea--(Tizen Indonesia)--Samsung Electronics Co., Ltd. today announced that it has agreed to acquire LoopPay, the acclaimed mobile wallet solutions provider that turns existing magnetic stripe readers into secure, contactless receivers. LoopPay’s technology has the potential to work in approximately 90% of existing point-of-sale (POS) terminals, according to internal research, with no investment in new infrastructure required by merchants. LoopPay will join Samsung to strengthen the company’s overall efforts to provide users with seamless, safe, and reliable mobile wallet solutions.
As part of the acquisition, LoopPay founders and veteran payment industry entrepreneurs Will Graylin and George Wallner will work closely with Samsung’s Mobile Division. LoopPay has built an advanced and widely accepted contactless payment solution using its patented Magnetic Secure Transmission (MST) technology. LoopPay’s talent and technology, paired with Samsung’s world leading mobile technology, global presence, and distribution capabilities will help drive the next wave of innovation in the digital smart wallet.
“This acquisition accelerates our vision to drive and lead innovation in the world of mobile commerce. Our goal has always been to build the smartest, most secure, user-friendly mobile wallet experience, and we are delighted to welcome LoopPay to take us closer to this goal,” said JK Shin, President and Head of IT and Mobile Division at Samsung Electronics.
Samsung has an existing relationship with LoopPay, having first identified the potential for the pioneering technology when it became a strategic investor along with Visa and Synchrony Financial. The investment, which was facilitated by Samsung’s Global Innovation Center, helped fuel LoopPay’s MST technology development.
“We are excited to take our relationship with LoopPay to the next level, by bringing consumers a mobile wallet solution that is not just safe and reliable, but also widely accepted at more locations than any competing service,” said David Eun, EVP of Samsung’s Global Innovation Center. “Through this deal we can significantly accelerate our mobile commerce efforts. LoopPay’s outstanding leaders and team have deep-rooted relationships with banks, card networks and merchants that will complement those Samsung has established over the years.”
Margaret Keane, President and CEO of Synchrony Financial, the largest provider of private label credit cards in the U.S. and a leader in promotional financing, as well as an investor in LoopPay, commented, “This is great news for our customers who can access their cards and make payments using LoopPay's contactless MST technology. Our goal is to offer valuable products for our clients, service providers, and our customers. We look forward to working with LoopPay and others to deliver secure mobile payment solutions for all of our 60 million active accounts.”
“LoopPay is focused on delivering a digital wallet solution that is dependable for consumers around the world, one that provides more value from card issuers and the merchants that serve them,” said Will Graylin, CEO of LoopPay. “We are excited to join the Samsung family to continue our goal of making smartphones trusted, secure smart wallets and unlock the limitless possibilities of mobile enabled commerce.”
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