Samsung has officially listed a post on its newsroom page and said that in a quick security test conducted by an independent agency, Umlaut, the Korean tech giant product Samsung Pay app passed with flying colors. Samsung Pay managed to score 450 points out of 500 points.
I think this a good news for all the Samsung device users who are using the Samsung product for a very long time. Samsung Pay conducted all the requirements of the test procedure, which was divided into four categories. These categories were data traffic, compliance with security standards, data protection on smartphones, and protection against malicious attacks.
Gerrit Povel, Vice President, Direct to Consumer Division at Samsung Electronics in Germany said, “The rating ‘very good’ underlines the role of Samsung Pay as a leading solution in mobile payment.”
Samsung Pay Description from Google Play Store:
Samsung Pay uses a mix of MST (Magnetic Secure Transmission) and NFC (Near Field Communication) to communicate with the card reader. Magnetic Secure Transmission or MST is a ground breaking method of sending data using magnetic waves. MST replicates a card swipe by wirelessly transmitting magnetic waves from the supported Samsung Device to a standard card reader.
MST turns every card reader into a contactless payment receiver. NFC is a method of wirelessly transmitting data using radio waves. Samsung Pay uses NFC to wirelessly transmit payment data to payment terminals with NFC readers that have been activated for use.