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LG Pay Partnership with Dynamics

Wireless magnetic communication (WMC) technology from Dynamics will be incorporated into mobile phones manufactured by LG Electronics. The phones will be able to wirelessly transmit information typically encoded on the magnetic stripe of a credit or debit card directly to traditional magnetic stripe readers at the point of sale. An early version of the WMC technology will be included on LG G6 handsets in certain markets this year. A more advanced version of WMC will be incorporated in handsets sold in 2018. Any credit or debit card can be loaded into a WMC-enabled device and used to make a ...

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April 2017
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