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Magnetic Secure Transmission
Magnetic Secure Transmission

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!!! Overview[1]
[{$pagename}] ([MST]) is a technology that emits a magnetic signal that mimics the [Magnetic Stripe Data] on a traditional [Payment Card]
[{$pagename}] sends a magnetic signal from your device to the [payment terminal's|POS Terminal] card reader (to emulate swiping a physical card without having to upgrade the terminal’s software or hardware).
[{$pagename}] technology is accepted at nearly all [POS Terminals] with a card reader. Some payment [POS Terminals] may require software updates.
[{$pagename}] generates an alternating current through an inductive loop of changing magnetic fields. The [{$pagename}] signal received from the device emulates the same magnetic field change as a [Magnetic Stripe Card] when swiped across the same read head.
[{$pagename}] works within a 3-inch distance from the read head.[2]
[{$pagename}] was patented by [LoopPay] (now [Samsung Pay]), a [digital Wallet] solution that allows consumers to pay with their mobile devices.[2]
[{$pagename}] is only used during the transmission process.[2]
[{$pagename}] technology is not limited by form factor, making it a practical technology for mobile payments and is accepted by approximately 90% of merchants. In general, [{$pagename}] does not require merchants to make changes to their existing payment systems.[2]
!! More Information
There might be more information for this subject on one of the following:
[{ReferringPagesPlugin before='*' after='\n' }]
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* [#1] - [What is MST (Magnetic Secure Transmission)?|http://www.samsung.com/us/support/answer/ANS00043865/|target='_blank'] - based on information obtained 2016-11-24
* [#2] - [Tokenization, EMV, NFC, HCE, MST – What does it all mean to me?|http://www.paymentsleader.com/what-does-it-all-mean-to-me/|target='_blank'] - based on information obtained 2016-11-24
This page (revision-1) was last changed on 29-Nov-2024 16:16 by UnknownAuthorTop