Chinese hackers have managed to breach the security of LoopPay, the payment technology company that Samsung acquired earlier this year for $250m, which is at the heart of Samsung Pay. *|MC:SUBJECT|*
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8th October 2015
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Headline News

Chinese hackers have managed to breach the security of LoopPay, the payment technology company that Samsung acquired earlier this year for $250m, which is at the heart of Samsung Pay.

Chinese hackers breached Samsung Pay's core technology
 
New Products & Technology

Fujitsu has collaborated with Japanese card scheme JCB to construct a cardless payment system, incorporating Fujitsu’s palm vein authentication technology into JCB’s global network.

Fujitsu has created palm vein authentication technology to make cardless payments
 

Scotiabank has become the first bank in Canada to offer a mobile wallet for credit and debit cards on both Android and BlackBerry devices.

Canadian bank Scotiabank upgrades its mobile wallet
 
Partnerships

Global transactions services provider Saxo Payments has secured a partnership with end-to-end account solutions group PSI-Pay. The PSP becomes the latest payments firm to join Saxo’s Banking Marketplace.

Saxo Payments adds PSI-Pay to growing list of partnerships
 

MasterCard has formed a global partnership with mobile commerce provider P97 to allow consumers to find, buy and save on gasoline and convenience store purchases through their mobile phones.

MasterCard introduces mobile payments to petrol stations and convenience stores
 
Career Moves

After narrowly missing out on acquiring British processor Worldpay last month, French transaction company Ingenico Group is focussing on its own payment services with the appointment of Pierre-Antoine Vacheron as EVP ePayments.

Ingenico hires ePayments expert from within
 
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