INDUSTRY INSIGHTS YOUR PEERS ARE READING
21) that its customers would now be able to make contactless payments via Samsung Electronics’ mobile wallet, Samsung Pay. In a press release , Commonwealth Bank said customers with a Mastercard can load their credit or debit card details into its app and make secure payments with a compatible Samsung Galaxy or wearable device. By offering customers the ability to pay with Samsung Pay we are combining choice and convenience.”. MORE
Apple has officially outperformed Samsung in holiday sales this year. Samsung saw 21 percent. While Samsung is slowly growing in popularity throughout the holiday season, up 1 percent from last year, Apple devices continue to be the gift to give. MORE
On Thursday (April 12), Samsung Pay , the digital payment unit of Samsung Electronics, debuted Samsung Rewards, which gives users reward points every time they use the Samsung Pay mobile payment service to make purchases. According to news from BGR , with the program, it doesn’t matter what the Samsung Pay customer purchases with his or her mobile device. BGR noted that in India, Samsung Rewards works both with Samsung Pay and Samsung Pay Mini. MORE
Samsung is looking to introduce biometric authentication capabilities to mobile devices, a move that could have significant implications for the enterprise world. 23) said Samsung IT unit Samsung SDS is collaborating with vision and voice tech firm Sensory to imbed biometric recognition capabilities for banks and enterprises in an effort to safeguard their mobile transactions. MORE
That’s the problem that Samsung set out to crack with the Samsung Rewards program launched a week ago. Cue The Samsung Rewards Multiplier. Source: Samsung. Make It Simple, Samsung. Source: Samsung. What Makes Samsung Rewards Really Rewarding. MORE
Samsung Galaxy Note 7 users will have to do without their phones for a while unless they want to risk a handset exploding in their back pocket — or worse, next to their ear. It’s also poor timing because the news coincides with Apple’s iPhone 7 and iPhone 7 Plus launch and is bound to cause some Samsung users to jump ship. Fortune reported that Samsung shares fell today (Sept. Samsung’s market cap has dropped by over $14.3 Talk about a shot out of the blue. MORE
subsidiary has signed a deal to place four of its most popular apps on millions of Samsung devices across the United States. Through the new deal, Oath’s Newsroom app, Yahoo Sports, Yahoo Finance and Go90 mobile video apps will be pre-populated on all of Samsung’s Galaxy S9 and S9+ devices. Advertisers will be able to place “native ads,” or advertisements that blend in with the content where they appear, within Oath’s apps on Samsung’s Galaxy. MORE
Given the virtual avalanche of troubles Samsung has endured of late, the investigation by its home government was the last shoe to drop. The investigation is actually ruled by analysts to be critical for Samsung at this point, as the firm is already taking a $5.3 Clearly, the top priority is for Samsung to assess precisely what caused the problems with the Note 7,” said Ian Fogg, head of mobile analysis at IHS Technology. “It’s MORE
Samsung Electronics is setting up a new fund to help suppliers with cash flow. The fund will launch in conjunction with a program that will see Samsung Electronics’ first-tier suppliers able to lend cash to second-tier suppliers within a month when orders through the supply chain are submitted. The fund will be managed by Samsung Electronics for the next few years in an effort to settle outstanding invoices within 30 days for second-tier suppliers. MORE
Samsung is reportedly looking into blockchain technology to manage its supply chain, reports in Bloomberg said on Monday (April 16). Samsung SDS VP and Blockchain Chief Song Kwang-woo said that supply chain involves the transport of billions of dollars worth of goods every year. Samsung SDS, the company’s logistics and IT unit, said blockchain may be able to cut logistics and shipping costs by 20 percent, reports said. MORE
Apple Pay’s competition in China just got a bit steeper, as Samsung has officially rolled out Samsung Pay in the region. But Samsung may have an edge that Apple doesn’t. That’s because Samsung Pay works nearly anywhere contactless payments are available. MORE
Samsung Pay , the digital development unit of Samsung Electronics , said on Thursday (May 3) that it has added new shopping and rewards features to its mobile payment service. One of those features uses Bixby , Samsung’s intelligence platform, to enable Samsung Pay users to shop via their smartphone cameras. When consumers point their cameras at an object, Bixby Shopping identifies it and directs that shopper to an eCommerce site operated by a Samsung partner. MORE
Said sites including thenextweb.com , Samsung, no small player in mobile devices, submitted three trademark requests in Europe that offer up some clues into blockchain-focused phones. Blockchain dtcc IBM News SamsungIn the world of blockchain phones, another name may crowd the pantheon. MORE
Earlier this year, Huawei was able to surpass Apple in China to become the second-place handset maker globally behind Samsung Electronics. Samsung fell to eighth place. “It’s Retail alibaba Apple china e-commerce huawei iPhone mobile News Samsung shopping Singles Day What's Hot MORE
Two years ago, when Samsung Pay entered the mobile payments scene, it did what Apple and Android a year before it had not: It made mobile payment capabilities at the physical point of sale (POS) more or less ubiquitous right out of the gate. This new digital way to pay was made possible via technology that Samsung acquired, called “magnetic secure transmission” — MST — the very same technology that enables merchant point-of-sale terminals to accept a mag stripe card for payment. MORE
Samsung Electronics Australia has announced a partnership with Cuscal , Australia’s leading independent provider of online payments solutions, that will enable 38 financial institutions to offer Samsung Pay, a secure and easy-to-use mobile payments service available on compatible Samsung devices. Finextra reports news that People’s Choice Credit Union, Credit Union Australia (CUA) and Teachers Mutual Bank are among some of Cuscal’s clients now offering Samsung Pay. MORE
Samsung Electronics is all in on Bixby , its voice-activated digital assistant, with the Financial Times reporting it plans to install Bixby on all its electronics by 2020. Samsung is behind U.S. Voice Activation Bixby electronics News Samsung voice-activated assistant What's Hot MORE
Verizon and Samsung announced on Monday (Dec. Verizon and Samsung will use Qualcomm modem chips and unveil a prototype at Qualcomm’s annual Snapdragon Technology Summit held in Maui, Hawaii from Dec. 3) that they would launch U.S. MORE
Mobile Payments Today recently spoke with Samsung about everything Samsung Pay MORE
inked a deal with Samsung in which it will provide consumers with access to artificial intelligence-enabled doctors via smartphones. According to a report in the Financial Times , Samsung has agreed to preinstall the technology into its new devices, enabling consumers to set up a video appointment with a doctor or get a check of symptoms via Samsung’s Health app. Artificial Intelligence Babylon health apps mobile devices Samsung uk What's Hot MORE
Samsung Pay has bulked up its bank and financial institution list again — this time with two more major banks. Now, Samsung Pay has support from 130 banks and credit unions, which means that Samsung Pay covers 75 percent of the U.S. MORE
Samsung Electronics announced on Thursday (Aug. 9) the launch of the Samsung Galaxy Watch, a smartwatch aiming to take on Apple and the Apple Watch. At Samsung, we have a long history of providing consumers with choice, while maintaining innovation within our products, and we are excited to continue the proud heritage of our Galaxy line with our wearables,” said DJ Koh, president and CEO of the IT and mobile communications division of Samsung Electronics. MORE
Samsung Pay has been in the U.S. What could speed the game up a bit, according to Samsung Pay’s GM, is giving consumers and merchants what they care about most: loyalty, offers and a secure digital identity. That’s why, for Samsung Pay , the next 365 days really matter. “As MORE
Samsung Electronics and Apple have appeared to be long-time fierce rivals in the smartphone market, but the South Korean consumer electronics company recently supplied the semiconductors and OLED screens for the iPhone X. In fact, Samsung stands to benefit greatly if its rival has a win on its hands. That’s according to a recent news report in the Wall Street Journal , which reported that Samsung could make billions if the iPhone X takes off. MORE
can now accept Samsung Pay for in-app payments. In a press release , Braintree said support for Samsung Pay was driven by focusing on what will drive the future of commerce and help merchants. could use PayPal within Samsung Pay at millions of retailers. MORE
Security researchers in Israel have discovered serious vulnerabilities in the operating system used by Samsung in its smart televisions, smart watches and mobile devices, Fortune reported. It’s possible that tens of millions of Samsung products could be at risk of being remotely take over by hackers. The system is believed to be available on 30 million Samsung TVs alone. MORE
Samsung Electronics said Thursday (Feb. According to a report , the service will be called Samsung Pay Mini and will enable Android-based smartphones to make purchases online in South Korea after downloading the app. Samsung Electronics didn’t say if it will roll out the service in markets outside of South Korea. The report noted the move on the part of Samsung to launch Samsung Pay Mini comes at a time when the electronics company is looking for new avenues of growth. MORE
Sang Ahn, VP and general manager of Samsung Pay U.S. Samsung Pay Inc. tells PYMNTS that this is Samsung Pay’s vision — not only with its own mobile wallet (which uses both NFC and backward-compatible MST technologies), but also with strategic partners as it unlocks these omnichannel opportunities. This was the spirit of the partnership that Samsung Pay struck with PayPal last July, and that today goes live to select users in the United States. MORE
14), Samsung, Inc. revealed its loyalty rewards program, Samsung Rewards, has achieved above-projected growth. We created Samsung Rewards to give back to consumers who use Samsung services, such as Samsung Pay, Ask an Expert on Samsung Health, Samsung Internet and Bixby,” Samsung said in the news release. More than half (54 percent) of Samsung Rewards’ growth has come from services like Bixby and Samsung Health. MORE
Samsung Electronics gave a first look at a foldable phone that has a screen similar to a small tablet on Wednesday (November 7) in California. Innovation android apps Flexible Scrren foldable phone mobile News Samsung smartphone Technology What's Hot MORE
Samsung , the South Korean consumer electronics company, has reportedly acquired Kngine , the artificial intelligence (AI) search engine startup. According to news from BGR , citing The Investor, Samsung acquired 100 percent of the company for an undisclosed sum. Our research arm Samsung Research America acquired the entire stake in October last year,” a Samsung official told The Investor, according to BGR. MORE
Samsung Pay usually goes hand-in-hand with a Samsung mobile device, typically one of its smartphones, but that is no longer the case with Samsung Pay working without a Samsung smartphone. According to a report by 9to5Google , Samsung Pay confirmed on Twitter that the Gear S3 Classic and the Gear S3 Frontier will work with or without a Samsung smartphone. Samsung has said that such watches are “trendy” at the moment. MORE
Given Samsung’s recent run of troubles — and the fact that said troubles issue from an exploding phone — it was likely just a matter of time before the lawsuits began. unit is facing a proposed class action lawsuit brought on behalf of three Galaxy Note 7 owners who seek to represent a nationwide class of Samsung owners who were burned by their phones — literally and metaphorically. Samsung initially announced the recall of 2.5 Regulation Samsung What's Hot MORE
Samsung announced Sunday (Nov. 6) that the new Samsung Galaxy S8 smartphone would launch with an artificial intelligence digital assistant, according to Reuters. Samsung recently acquired Viv Labs Inc., The AI platform, named Viv, will be introduced into Samsung smartphones, smart appliances and wearable tech. Samsung said third-party developers will be able to create, upload and integrate their own services to Viv. MORE
Spotify chief executive Daniel Ek announced that the company is teaming up with Samsung to provide an end-to-end integration across all devices. The partnership we are announcing with Samsung today is a truly cross-platform listening experience,” Ek said, according to the Financial Times. As part of the deal, Samsung customers will be provided with prompts to sign up for Spotify as they set up their new smartphone or TV. MORE
Samsung Electronics , the South Korean consumer electronics company, is expanding in India, opening on Tuesday (Sept. According to a report in Reuters , citing Samsung Electronics, the 33,000-square-foot store is located in the southern tech hub of Bengaluru. With more than one billion wireless connections, the India market presents a lot of opportunity for Samsung and other electronics players. Retail brick and mortar india Millennials News Samsung Smartphones What's Hot MORE
19) that it is among the first third parties to use Samsung Rewards’ new API. In a press release, Better Mortgage, which has zero commissions, said Samsung Rewards works similar to a points-based airline’s rewards program, giving users points for so-called meaningful engagements with Samsung devices. Some of those include using Samsung Pay at checkout, using Bixby or signing up for features offered by Samsung Health. MORE
Personal payment cards issued by the Royal Bank of Canada are now supported by Samsung’s mobile payment system, Samsung Pay, the company announced today. Cards Exclusive Mobile Payments credit cards Mobile Payments RBC Samsung Pay MORE
Despite a recent rumor that Samsung had entered a partnership with Lithuanian blockchain startup CopPay , the electronics giant announced that the deal is a fake. According to The Next Web , the alleged partnership would have enabled Samsung to allow its customers in three Baltic states to pay with crypto. However, a Samsung spokesperson denied the partnership in an email, stating, “Our official response is that the rumor is not true.” MORE
It couldn’t get much worse for Samsung. Once heralded as the best smartphone ever, the Samsung Galaxy Note 7 has instead proven to be the most combustible smartphone ever. The situation for Samsung is reminiscent of the Irish car manufacturer DeLorean ’s short-lived celebrity in the 1980s. Let’s first review the fall from grace of the Samsung Galaxy Note 7, as it happened. Samsung could no longer bury its head in the sand and announced a recall, blaming the batteries. MORE
The anti-trust watchdog in Italy is gearing up to fine Apple and Samsung , stemming from complaints that the two used software updates to slow down smartphones. In a statement, the anti-trust regulator said that some of the software updates issued by Apple and Samsung had “caused serious dysfunctions and reduced performance significantly, thereby accelerating the process of replacing them.” MORE
Bank of America is reportedly launching a pilot of Samsung Electronics technology that will enable customers to access the mobile banking app via a photo of their eye. American Banker reported around 1,500 Bank of America and Samsung employees will try out the iris scan pilot for around six weeks. It makes sense for Bank of America to team up with Samsung, given the fact that Moore told the American Banker that 30 to 35 percent of its customers own a Samsung phone. MORE
Not to be outdone by Apple, which recently acquired Tuplejump to advance its artificial intelligence work, Samsung Electronics has subsumed some of the engineering activity in Israel. Israel is a Silicon Valley of innovative engineering, and according to Kai Bond, general manager and CEO of the New York Samsung Global Innovation Center, “Tel Aviv has more talented engineers per square foot than anywhere in the world.”. Innovation israel News Samsung What's Trending MORE
Samsung Electronics smartphone sales will increase in the holiday shopping season, with the general trend lasting into 2019, the company said when announcing its Q3 results. For the third quarter of 2018, Samsung posted 24.91 Samsung Pay debuted about three years ago. MORE
Samsung Related Topics PYMNTS
DECEMBER 12, 2018
Said sites including thenextweb.com , Samsung, no small player in mobile devices, submitted three trademark requests in Europe that offer up some clues into blockchain-focused phones. Blockchain dtcc IBM News SamsungIn the world of blockchain phones, another name may crowd the pantheon.
PYMNTS
NOVEMBER 1, 2018
can now accept Samsung Pay for in-app payments. In a press release , Braintree said support for Samsung Pay was driven by focusing on what will drive the future of commerce and help merchants. could use PayPal within Samsung Pay at millions of retailers.
PYMNTS
NOVEMBER 8, 2018
Samsung Electronics gave a first look at a foldable phone that has a screen similar to a small tablet on Wednesday (November 7) in California. Innovation android apps Flexible Scrren foldable phone mobile News Samsung smartphone Technology What's Hot
PYMNTS
APRIL 12, 2018
On Thursday (April 12), Samsung Pay , the digital payment unit of Samsung Electronics, debuted Samsung Rewards, which gives users reward points every time they use the Samsung Pay mobile payment service to make purchases. According to news from BGR , with the program, it doesn’t matter what the Samsung Pay customer purchases with his or her mobile device. BGR noted that in India, Samsung Rewards works both with Samsung Pay and Samsung Pay Mini.
PYMNTS
OCTOBER 31, 2018
Samsung Electronics smartphone sales will increase in the holiday shopping season, with the general trend lasting into 2019, the company said when announcing its Q3 results. For the third quarter of 2018, Samsung posted 24.91 Samsung Pay debuted about three years ago.
PYMNTS
NOVEMBER 12, 2018
Earlier this year, Huawei was able to surpass Apple in China to become the second-place handset maker globally behind Samsung Electronics. Samsung fell to eighth place. “It’s Retail alibaba Apple china e-commerce huawei iPhone mobile News Samsung shopping Singles Day What's Hot
PYMNTS
NOVEMBER 20, 2018
Samsung Electronics is all in on Bixby , its voice-activated digital assistant, with the Financial Times reporting it plans to install Bixby on all its electronics by 2020. Samsung is behind U.S. Voice Activation Bixby electronics News Samsung voice-activated assistant What's Hot
PYMNTS
DECEMBER 3, 2018
Verizon and Samsung announced on Monday (Dec. Verizon and Samsung will use Qualcomm modem chips and unveil a prototype at Qualcomm’s annual Snapdragon Technology Summit held in Maui, Hawaii from Dec. 3) that they would launch U.S.
PYMNTS
APRIL 17, 2018
Samsung is reportedly looking into blockchain technology to manage its supply chain, reports in Bloomberg said on Monday (April 16). Samsung SDS VP and Blockchain Chief Song Kwang-woo said that supply chain involves the transport of billions of dollars worth of goods every year. Samsung SDS, the company’s logistics and IT unit, said blockchain may be able to cut logistics and shipping costs by 20 percent, reports said.
PYMNTS
NOVEMBER 22, 2016
That’s the problem that Samsung set out to crack with the Samsung Rewards program launched a week ago. Cue The Samsung Rewards Multiplier. Source: Samsung. Make It Simple, Samsung. Source: Samsung. What Makes Samsung Rewards Really Rewarding.
PYMNTS
MAY 31, 2018
inked a deal with Samsung in which it will provide consumers with access to artificial intelligence-enabled doctors via smartphones. According to a report in the Financial Times , Samsung has agreed to preinstall the technology into its new devices, enabling consumers to set up a video appointment with a doctor or get a check of symptoms via Samsung’s Health app. Artificial Intelligence Babylon health apps mobile devices Samsung uk What's Hot
PYMNTS
FEBRUARY 22, 2018
21) that its customers would now be able to make contactless payments via Samsung Electronics’ mobile wallet, Samsung Pay. In a press release , Commonwealth Bank said customers with a Mastercard can load their credit or debit card details into its app and make secure payments with a compatible Samsung Galaxy or wearable device. By offering customers the ability to pay with Samsung Pay we are combining choice and convenience.”.
PYMNTS
AUGUST 9, 2018
Samsung Electronics announced on Thursday (Aug. 9) the launch of the Samsung Galaxy Watch, a smartwatch aiming to take on Apple and the Apple Watch. At Samsung, we have a long history of providing consumers with choice, while maintaining innovation within our products, and we are excited to continue the proud heritage of our Galaxy line with our wearables,” said DJ Koh, president and CEO of the IT and mobile communications division of Samsung Electronics.
PYMNTS
SEPTEMBER 16, 2016
It couldn’t get much worse for Samsung. Once heralded as the best smartphone ever, the Samsung Galaxy Note 7 has instead proven to be the most combustible smartphone ever. The situation for Samsung is reminiscent of the Irish car manufacturer DeLorean ’s short-lived celebrity in the 1980s. Let’s first review the fall from grace of the Samsung Galaxy Note 7, as it happened. Samsung could no longer bury its head in the sand and announced a recall, blaming the batteries.
PYMNTS
APRIL 23, 2018
Sang Ahn, VP and general manager of Samsung Pay U.S. Samsung Pay Inc. tells PYMNTS that this is Samsung Pay’s vision — not only with its own mobile wallet (which uses both NFC and backward-compatible MST technologies), but also with strategic partners as it unlocks these omnichannel opportunities. This was the spirit of the partnership that Samsung Pay struck with PayPal last July, and that today goes live to select users in the United States.
PYMNTS
MARCH 29, 2016
Apple Pay’s competition in China just got a bit steeper, as Samsung has officially rolled out Samsung Pay in the region. But Samsung may have an edge that Apple doesn’t. That’s because Samsung Pay works nearly anywhere contactless payments are available.
PYMNTS
SEPTEMBER 11, 2018
Samsung Electronics , the South Korean consumer electronics company, is expanding in India, opening on Tuesday (Sept. According to a report in Reuters , citing Samsung Electronics, the 33,000-square-foot store is located in the southern tech hub of Bengaluru. With more than one billion wireless connections, the India market presents a lot of opportunity for Samsung and other electronics players. Retail brick and mortar india Millennials News Samsung Smartphones What's Hot
PYMNTS
NOVEMBER 1, 2017
Two years ago, when Samsung Pay entered the mobile payments scene, it did what Apple and Android a year before it had not: It made mobile payment capabilities at the physical point of sale (POS) more or less ubiquitous right out of the gate. This new digital way to pay was made possible via technology that Samsung acquired, called “magnetic secure transmission” — MST — the very same technology that enables merchant point-of-sale terminals to accept a mag stripe card for payment.
PYMNTS
MAY 3, 2018
Samsung Pay , the digital development unit of Samsung Electronics , said on Thursday (May 3) that it has added new shopping and rewards features to its mobile payment service. One of those features uses Bixby , Samsung’s intelligence platform, to enable Samsung Pay users to shop via their smartphone cameras. When consumers point their cameras at an object, Bixby Shopping identifies it and directs that shopper to an eCommerce site operated by a Samsung partner.
PYMNTS
AUGUST 10, 2018
Spotify chief executive Daniel Ek announced that the company is teaming up with Samsung to provide an end-to-end integration across all devices. The partnership we are announcing with Samsung today is a truly cross-platform listening experience,” Ek said, according to the Financial Times. As part of the deal, Samsung customers will be provided with prompts to sign up for Spotify as they set up their new smartphone or TV.
PYMNTS
OCTOBER 20, 2017
19) that it is among the first third parties to use Samsung Rewards’ new API. In a press release, Better Mortgage, which has zero commissions, said Samsung Rewards works similar to a points-based airline’s rewards program, giving users points for so-called meaningful engagements with Samsung devices. Some of those include using Samsung Pay at checkout, using Bixby or signing up for features offered by Samsung Health.
PYMNTS
MAY 2, 2018
subsidiary has signed a deal to place four of its most popular apps on millions of Samsung devices across the United States. Through the new deal, Oath’s Newsroom app, Yahoo Sports, Yahoo Finance and Go90 mobile video apps will be pre-populated on all of Samsung’s Galaxy S9 and S9+ devices. Advertisers will be able to place “native ads,” or advertisements that blend in with the content where they appear, within Oath’s apps on Samsung’s Galaxy.
PYMNTS
JULY 24, 2018
Despite a recent rumor that Samsung had entered a partnership with Lithuanian blockchain startup CopPay , the electronics giant announced that the deal is a fake. According to The Next Web , the alleged partnership would have enabled Samsung to allow its customers in three Baltic states to pay with crypto. However, a Samsung spokesperson denied the partnership in an email, stating, “Our official response is that the rumor is not true.”
Mobile Payments Today
NOVEMBER 8, 2016
Mobile Payments Today recently spoke with Samsung about everything Samsung Pay
PYMNTS
APRIL 28, 2016
Samsung Pay has been in the U.S. What could speed the game up a bit, according to Samsung Pay’s GM, is giving consumers and merchants what they care about most: loyalty, offers and a secure digital identity. That’s why, for Samsung Pay , the next 365 days really matter. “As
PYMNTS
SEPTEMBER 26, 2016
Samsung is looking to introduce biometric authentication capabilities to mobile devices, a move that could have significant implications for the enterprise world. 23) said Samsung IT unit Samsung SDS is collaborating with vision and voice tech firm Sensory to imbed biometric recognition capabilities for banks and enterprises in an effort to safeguard their mobile transactions.
PYMNTS
SEPTEMBER 12, 2016
Samsung Galaxy Note 7 users will have to do without their phones for a while unless they want to risk a handset exploding in their back pocket — or worse, next to their ear. It’s also poor timing because the news coincides with Apple’s iPhone 7 and iPhone 7 Plus launch and is bound to cause some Samsung users to jump ship. Fortune reported that Samsung shares fell today (Sept. Samsung’s market cap has dropped by over $14.3 Talk about a shot out of the blue.
Bank Innovation
APRIL 19, 2018
Personal payment cards issued by the Royal Bank of Canada are now supported by Samsung’s mobile payment system, Samsung Pay, the company announced today. Cards Exclusive Mobile Payments credit cards Mobile Payments RBC Samsung Pay
PYMNTS
JUNE 20, 2017
Samsung Electronics Australia has announced a partnership with Cuscal , Australia’s leading independent provider of online payments solutions, that will enable 38 financial institutions to offer Samsung Pay, a secure and easy-to-use mobile payments service available on compatible Samsung devices. Finextra reports news that People’s Choice Credit Union, Credit Union Australia (CUA) and Teachers Mutual Bank are among some of Cuscal’s clients now offering Samsung Pay.
PYMNTS
OCTOBER 24, 2018
The anti-trust watchdog in Italy is gearing up to fine Apple and Samsung , stemming from complaints that the two used software updates to slow down smartphones. In a statement, the anti-trust regulator said that some of the software updates issued by Apple and Samsung had “caused serious dysfunctions and reduced performance significantly, thereby accelerating the process of replacing them.”
PYMNTS
DECEMBER 29, 2016
Apple has officially outperformed Samsung in holiday sales this year. Samsung saw 21 percent. While Samsung is slowly growing in popularity throughout the holiday season, up 1 percent from last year, Apple devices continue to be the gift to give.
PYMNTS
OCTOBER 19, 2016
Given Samsung’s recent run of troubles — and the fact that said troubles issue from an exploding phone — it was likely just a matter of time before the lawsuits began. unit is facing a proposed class action lawsuit brought on behalf of three Galaxy Note 7 owners who seek to represent a nationwide class of Samsung owners who were burned by their phones — literally and metaphorically. Samsung initially announced the recall of 2.5 Regulation Samsung What's Hot
PYMNTS
FEBRUARY 3, 2017
Samsung Electronics said Thursday (Feb. According to a report , the service will be called Samsung Pay Mini and will enable Android-based smartphones to make purchases online in South Korea after downloading the app. Samsung Electronics didn’t say if it will roll out the service in markets outside of South Korea. The report noted the move on the part of Samsung to launch Samsung Pay Mini comes at a time when the electronics company is looking for new avenues of growth.
PYMNTS
OCTOBER 3, 2017
Samsung Electronics and Apple have appeared to be long-time fierce rivals in the smartphone market, but the South Korean consumer electronics company recently supplied the semiconductors and OLED screens for the iPhone X. In fact, Samsung stands to benefit greatly if its rival has a win on its hands. That’s according to a recent news report in the Wall Street Journal , which reported that Samsung could make billions if the iPhone X takes off.
PYMNTS
NOVEMBER 14, 2017
14), Samsung, Inc. revealed its loyalty rewards program, Samsung Rewards, has achieved above-projected growth. We created Samsung Rewards to give back to consumers who use Samsung services, such as Samsung Pay, Ask an Expert on Samsung Health, Samsung Internet and Bixby,” Samsung said in the news release. More than half (54 percent) of Samsung Rewards’ growth has come from services like Bixby and Samsung Health.
PYMNTS
AUGUST 9, 2017
Bank of America is reportedly launching a pilot of Samsung Electronics technology that will enable customers to access the mobile banking app via a photo of their eye. American Banker reported around 1,500 Bank of America and Samsung employees will try out the iris scan pilot for around six weeks. It makes sense for Bank of America to team up with Samsung, given the fact that Moore told the American Banker that 30 to 35 percent of its customers own a Samsung phone.
PYMNTS
APRIL 19, 2016
Samsung Pay has bulked up its bank and financial institution list again — this time with two more major banks. Now, Samsung Pay has support from 130 banks and credit unions, which means that Samsung Pay covers 75 percent of the U.S.
PYMNTS
SEPTEMBER 26, 2016
Not to be outdone by Apple, which recently acquired Tuplejump to advance its artificial intelligence work, Samsung Electronics has subsumed some of the engineering activity in Israel. Israel is a Silicon Valley of innovative engineering, and according to Kai Bond, general manager and CEO of the New York Samsung Global Innovation Center, “Tel Aviv has more talented engineers per square foot than anywhere in the world.”. Innovation israel News Samsung What's Trending
PYMNTS
NOVEMBER 7, 2016
Samsung announced Sunday (Nov. 6) that the new Samsung Galaxy S8 smartphone would launch with an artificial intelligence digital assistant, according to Reuters. Samsung recently acquired Viv Labs Inc., The AI platform, named Viv, will be introduced into Samsung smartphones, smart appliances and wearable tech. Samsung said third-party developers will be able to create, upload and integrate their own services to Viv.
PYMNTS
APRIL 5, 2017
Security researchers in Israel have discovered serious vulnerabilities in the operating system used by Samsung in its smart televisions, smart watches and mobile devices, Fortune reported. It’s possible that tens of millions of Samsung products could be at risk of being remotely take over by hackers. The system is believed to be available on 30 million Samsung TVs alone.
PYMNTS
OCTOBER 17, 2016
Given the virtual avalanche of troubles Samsung has endured of late, the investigation by its home government was the last shoe to drop. The investigation is actually ruled by analysts to be critical for Samsung at this point, as the firm is already taking a $5.3 Clearly, the top priority is for Samsung to assess precisely what caused the problems with the Note 7,” said Ian Fogg, head of mobile analysis at IHS Technology. “It’s
PYMNTS
MARCH 7, 2018
Samsung , the South Korean consumer electronics company, has reportedly acquired Kngine , the artificial intelligence (AI) search engine startup. According to news from BGR , citing The Investor, Samsung acquired 100 percent of the company for an undisclosed sum. Our research arm Samsung Research America acquired the entire stake in October last year,” a Samsung official told The Investor, according to BGR.
PYMNTS
MAY 29, 2017
Samsung Electronics is setting up a new fund to help suppliers with cash flow. The fund will launch in conjunction with a program that will see Samsung Electronics’ first-tier suppliers able to lend cash to second-tier suppliers within a month when orders through the supply chain are submitted. The fund will be managed by Samsung Electronics for the next few years in an effort to settle outstanding invoices within 30 days for second-tier suppliers.
131 
Let's personalize your content