LG G6 News & Update: New Flagship Phone To Have MST (Magnetic Secure Transmission) Capability?
New reports clamoring of LG planning to add MST technology to its prized gem - the LG G6 - could mean that the company is giving up on the White Card method. Slated for release in early 2017, the LG G6 will have a similar payment system with Samsung.
May of this year, DroidLife reported that LG's White Card would include an IC chip. With the news of the MST capability being added to the LG G6, it means that all plans for said payment system will be abandoned. Insiders state that LG is already negotiating with various credit card companies to take part in their system. In addition, they are currently on a roll to implement MST with their partners.
What is MST?
MST, or Magnetic Secure Transmission, is an innovative solution that allows a user to make virtual payments anywhere. It can be used at any card reader, the same one used in reading the magnetic strip of a credit card. The MST technology that's about to be included in LG G6 was first used by Samsung for their app, Samsung Pay.
MST could easily replicate a card swipe at any terminal. Although the former considered solution (White Card) was a plausible idea, the MST in LG G6 definitely precedes it. The technology is significantly conducive to mobile payment solutions, which without a doubt, is a fast-paced market.
Does LG Copy Samsung?
A challenge for LG in the development of MST for LG G6 is the avoidance of possibly infringing the patents acquired by Samsung. Samsung got most of the patents when they bought the original developer of the system, LoopPay. However, a report by TalkAndroid suggests that LG might have already bought the rights from Samsung itself.
In the write-up, Samsung has apparently chosen LG to supply the batteries for their upcoming smartphone releases. With 2017 still a couple of months away, gadget geeks are yet to find out what the LG G6 is capable of with its MST capability.