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anonova
on Nov 24, 2015
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MagSpoof – wireless credit card/magstripe spoofer
Samsung Pay's pitch is that it is (mostly) backwards compatible with existing card readers. When NFC fails, it does fallback to magnetic strip emulation.
on Nov 24, 2015
[6 more]
[deleted]
anonova
on Nov 24, 2015
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It's pretty much the same as what's being described in the article. Samsung calls it Magnetic Secure Transmission (MST):
http://www.samsung.com/us/support/answer/ANS00043865/9974103...
leni536
on Nov 25, 2015
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> Magnetic Secure Transmission They dare to call this secure...
the_mitsuhiko
on Nov 25, 2015
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It is because it uses a token not the PAN
atrilumen
on Nov 24, 2015
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Sounds like you didn't read the post.
jonknee
on Nov 24, 2015
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By generating a magnetic field.
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