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Samsung : le géant Coréen concurrence Apple en rachetant LoopPay, une entreprise de paiement mobile

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Samsung to Acquire LoopPay, Transformative Digital Wallet Platform Mountain View, CA and Seoul, Korea - February 18, 2015 - Samsung Electronics Co., Ltd. today announced that it has agreed to acquire LoopPay, the acclaimed mobile wallet solutions provider that turns existing magnetic stripe readers into secure, contactless receivers. LoopPay’s technology has the potential to work in approximately 90% of existing point-of-sale (POS) terminals, according to internal research, with no investment in new infrastructure required by merchants. LoopPay will join Samsung to strengthen the company’s overall efforts to provide users with seamless, safe, and reliable mobile wallet solutions. As part of the acquisition, LoopPay founders and veteran payment industry entrepreneurs Will Graylin and George Wallner will work closely with Samsung’s Mobile Division. LoopPay has built an advanced and widely accepted contactless payment solution using its patented Magnetic Secure Transmission (MST) technology. LoopPay’s talent and technology, paired with Samsung’s world leading mobile technology, global presence, and distribution capabilities will help drive the next wave of innovation in the digital smart wallet. “This acquisition accelerates our vision to drive and lead innovation in the world of mobile commerce.
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SamsungtoAcquireLoopPay,TransformativeDigitalWalletPlatform

MountainView,CAandSeoul,Korea-February18,2015-SamsungElectronicsCo.,Ltd.today
announcedthatithasagreedtoacquireLoopPay,theacclaimedmobilewalletsolutionsproviderthat
turnsexistingmagneticstripereadersintosecure,contactlessreceivers.LoopPay’stechnologyhasthe
potentialtoworkinapproximately90%ofexistingpoint-of-sale(POS)terminals,accordingtointernal
research,withnoinvestmentinnewinfrastructurerequiredbymerchants.LoopPaywilljoinSamsung
tostrengthenthecompany’soveralleffortstoprovideuserswithseamless,safe,andreliablemobile
walletsolutions.

Aspartoftheacquisition,LoopPayfoundersandveteranpaymentindustryentrepreneursWillGraylin
andGeorgeWallnerwillworkcloselywithSamsung’sMobileDivision.LoopPayhasbuiltanadvanced
andwidelyacceptedcontactlesspaymentsolutionusingitspatentedMagneticSecureTransmission
(MST)technology.LoopPay’stalentandtechnology,pairedwithSamsung’sworldleadingmobile
technology,globalpresence,anddistributioncapabilitieswillhelpdrivethenextwaveofinnovationin
thedigitalsmartwallet.

“Thisacquisitionacceleratesourvisiontodriveandleadinnovationintheworldofmobilecommerce.
Ourgoalhasalwaysbeentobuildthesmartest,mostsecure,user-friendlymobilewalletexperience,
andwearedelightedtowelcomeLoopPaytotakeusclosertothisgoal,”saidJKShin,Presidentand
HeadofITandMobileDivisionatSamsungElectronics.

SamsunghasanexistingrelationshipwithLoopPay,havingfirstidentifiedthepotentialforthe
pioneeringtechnologywhenitbecameastrategicinvestoralongwithVisaandSynchronyFinancial.The
investment,whichwasfacilitatedbySamsung’sGlobalInnovationCenter,helpedfuelLoopPay’sMST
technologydevelopment.

“WeareexcitedtotakeourrelationshipwithLoopPaytothenextlevel,bybringingconsumersamobile
walletsolutionthatisnotjustsafeandreliable,butalsowidelyacceptedatmorelocationsthanany
competingservice,”saidDavidEun,EVPofSamsung’sGlobalInnovationCenter.“Throughthisdealwe
cansignificantlyaccelerateourmobilecommerceefforts.LoopPay’soutstandingleadersandteamhave
deep-rootedrelationshipswithbanks,cardnetworksandmerchantsthatwillcomplementthose
Samsunghasestablishedovertheyears.”

MargaretKeane,PresidentandCEOofSynchronyFinancial,thelargestproviderofprivatelabelcredit
cardsintheU.S.andaleaderinpromotionalfinancing,aswellasaninvestorinLoopPay,commented,
“ThisisgreatnewsforourcustomerswhocanaccesstheircardsandmakepaymentsusingLoopPay's
contactlessMSTtechnology.Ourgoalistooffervaluableproductsforourclients,serviceproviders,and
ourcustomers.WelookforwardtoworkingwithLoopPayandotherstodeliversecuremobilepayment
solutionsforallofour60millionactiveaccounts.”

“LoopPayisfocusedondeliveringadigitalwalletsolutionthatisdependableforconsumersaroundthe
world,onethatprovidesmorevaluefromcardissuersandthemerchantsthatservethem,”saidWill
Graylin,CEOofLoopPay.“WeareexcitedtojointheSamsungfamilytocontinueourgoalofmaking
smartphonestrusted,securesmartwalletsandunlockthelimitlesspossibilitiesofmobileenabled
commerce.”

###
AboutSamsungElectronicsCo.,Ltd.
SamsungElectronicsCo.,Ltd.inspirestheworldandshapesthefuturewithtransformativeideasand
technologies,redefiningtheworldsofTVs,smartphones,wearabledevices,tablets,cameras,digital
appliances,printers,medicalequipment,networksystems,andsemiconductorandLEDsolutions.We
arealsoleadingintheInternetofThingsspacethrough,amongothers,ourSmartHomeandDigital
Healthinitiatives.Weemploy307,000peopleacross84countrieswithannualsalesofUS$196billion.
Todiscovermore,pleasevisitourofficialwebsiteatwww.samsung.comandourofficialblogat
global.samsungtomorrow.com

AboutSamsungGlobalInnovationCenter
TheSamsungGlobalInnovationCenterbringssoftwareandservicesinnovationtoSamsungElectronics
byworkingwithstartupsandentrepreneursthroughinvestments,acquisitions,partnershipsandthe
SamsungAccelerator.TheGIC’sdeepintegrationwithSamsungconsumerelectronicsandmobile
businessunitsprovideentrepreneursandstartupswithunparalleledaccesstoSamsungresources,
decision-makers,productroadmap,andtheworld’slargestplatformfordistribution.Openedin2013,
theGICoperatesacrossofficesinMountainView,PaloAlto,NewYorkCity,andSuwon,SouthKorea.

AboutLoopPay
Foundedin2012inBoston,MA,LoopPayisacceptedatmoremerchantsthananyotherdigitalwallet
solution.LoopPay’spatentedMagneticSecureTransmission™(MST)technologyturnsexistingmag
stripereadersintomobilecontactlessreceiverswithoutanychangesorcostsincurredbymerchantsor
theirpaymentprocessors.LoopPay’sdigitalwalletcanstoreanduseawidevarietyofmagstripecards
includingdebitandcreditcards,privatelabelcards,giftcardsloyaltycardsandrewardscards.Accessto
theLoopPayappanddataispasswordandPIN-protectedandLoopPayencryptsandstoresallcardtrack
datainsecurememorywithinanyLoopPaydevice.LoopPayisaLevelOnePCICertifiedPayment
Provider.TolearnmoreaboutLoopPay,visitwww.LoopPay.com.

PressContacts
SherylSeitz
SamsungGlobalInnovationCenter
650.625.7383

CaitlynCarpanzano
BrewPR
646.517.7561
GIC@brewpr.com

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