tech:

taffy

Samsung To Acquire Mobile Wallet Solutions Provider LoopPay

LoopPay

Samsung is acquiring mobile wallet solutions provider LoopPay. LoopPay founders Will Graylin and George Wallner will be working with Samsung’s Mobile Division.

As part of the acquisition,  LoopPay has built a contactless payment solution using its patented Magnetic Secure Transmission (MST) technology. LoopPay’s technology has the potential to work in approximately 90% of existing point-of-sale (POS) terminals, according to internal research, says Samsung, without any investment in new infrastructure required by merchants.

Samsung is an investor along with Visa and Synchrony Financial in LoopPay.

[Image courtesy: LoopPay]

Just in

UnitedHealth Group has paid more than $2 billion to providers following cyberattack — CNBC

UnitedHealth Group said Monday that it’s paid out more than $2 billion to help health-care providers who have been affected by the cyberattack on subsidiary Change Healthcare, writes Ashley Capoot.

Dell tells remote workers that they won’t be eligible for promotion — Ars Technica

The upcoming policy update represents a dramatic reversal from Dell's prior stance on work from home (WFH), writes Scharon Harding.

Hippocratic AI raises $53M

Palo Alto, Calif.-based Hippocratic AI, a company building a Large Language Model (LLM) for healthcare, has closed a $53 million Series A funding round.