Despite formally announcing Samsung Pay back in March the company is yet to launch its new payments service, Samsung Pay is slated to go live in South Korea and the United States initially by September this year. According to a new report the payments service has entered final testing with eight local card companies in South Korea as Samsung puts it through strengthening tests to ensure that the service is properly ready for the public.
Citing financial industry sources the report claims that Samsung is facing issues with its technology to beam information to conventional card readers at checkout counters through magnetic fields because the system isn't working as smoothly as initially believed, hence the need to conduct multiple technical tests with card companies to ensure that things are up to the mark before launch. Samsung Pay works by replicating the card's magnetic information and creating a magnetic field which is used to activate a Credit Authorization Terminal but only after the user authorizes it through the fingerprint sensor.
Apparently magnetic field formation and fingerprint verification isn't quite up to the mark as older card readers at merchants are facing difficulties in recognizing the magnetic fields generated by the payments system. Thus it's imperative for Samsung to continue running these tests to minimize error rates and ensure that the Samsung Pay launch goes off without a hitch this September.
