Home Industry News Google and Samsung Each Announce Mobile Payment Plans Utilizing Tokenization and Biometric Authentication
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Google and Samsung Each Announce Mobile Payment Plans Utilizing Tokenization and Biometric Authentication

Following Apple’s lead Samsung and Google each announced mobile payment services of their own with a similar naming structure. The recently announced Samsung Pay and Android Pay will both make use of fingerprint biometrics to authenticate transactions as well as tokenization, although all three systems have their similarities and differences.

Both organizations announced their planned mobile payment developments at the Mobile World Congress event held in Barcelona. Samsung Pay is expected to launch this summer in South Korea and the United States with a release in Europe planned later. At this stage it is uncertain when Android Pay will be available to the public but it is known that Visa, MasterCard and American Express will support it and there is likely to be more information coming at Google’s annual developer conference in May.

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