Cortex MCP Blog Crazy week at Mobile World Congress as Consolidation Continues in Mobile Payments Market

Caveat: My mom always told me that if I didn't have anything nice to say, don't say anything at all. Samsung buys LoopPay Google buys Softcard PayPal buys Paydiant. Samsung buys LoopPay The first transaction (in order of announcement) was last week when Samsung (the one in South Korea) announced its deal with Boston-based LoopPay. Some pundits have been heralding this move as a home run for Samsung, as their S6 is coming out with Samsung Pay that works on NFC and with many traditional (in the US) mag stripe readers thanks to LoopPay's MST (magnetic secure transmission) technology*. At best, this is a technology play that is a band-aid for the few years remaining in the life of mag stripe readers in the US, but it has the benefits of getting Samsung in the news. And as a technology, it mostly works, at least in the US. The jury...