TechTaffy

tech:

taffy

Samsung To Acquire Mobile Wallet Solutions Provider LoopPay

By TechTaffy Desk

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

AI

Adobe previews generative AI features in Premiere Pro

Adobe has previewed generative AI features within its video editing software, Adobe Premiere Pro, aimed at streamlining video creation and production workflows.
AI

Covered California implements Google Cloud’s AI solutions

Covered California, California's health insurance marketplace, has announced that it will use Google Cloud's AI solutions to simplify the process of providing health insurance to California residents.
IT

Broadcom, Google Cloud expand partnership

Broadcom and Google Cloud have announced an expanded partnership focusing on optimizing Broadcom's VMware workloads for Google Cloud, collaborating on go-to-market initiatives, adding more Broadcom products to Google Cloud Marketplace, and integrating Google Cloud's generative AI capabilities into Broadcom's offerings.
Around the web

Apple stops warning of ‘state-sponsored’ attacks, now alerts about ‘mercenary spyware’ — The Register

Apple is referring to the infection of devices with NSO Group's Pegasus spyware and other similar software, writes Laura Dobberstein.
IT

Zscaler to acquire Airgap Networks

Zscaler has announced the acquisition of Airgap Networks, a cybersecurity solutions provider for business-critical networks.