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

Series E

Corelight raises $150M

San Francisco-based network detection and response (NDR) company Corelight has raised $150 million in a Series E funding round.
AI

Anthropic introduces team plan, iOS app for Claude AI

Anthropic announced two updates for its AI assistant, Claude: a new Team plan and an iOS app.
Industry

Tencent, Mercedes-Benz, EA partner for in-car gaming

Tencent, Mercedes-Benz, and Electronic Arts (EA) announced their partnership at Auto China 2024 to bring in-car gaming to Mercedes-Benz vehicles in China.
AI

Amazon Q generative AI chatbot now generally available

Amazon Web Service (AWS) has announced the general availability of Amazon Q, a generative AI-powered assistant that leverages companies' internal data.
Fundings

Island raises $175M

Dallas, Texas-based enterprise browser company Island raised $175 million in Series D funding, raising the company's valuation to $3 billion.