LG Electronics “reveals own mobile payment card”January 30, 2016 - 12:20 AMT PanARMENIAN.Net - LG Electronics’ mobile payment solution called LG Pay “White Card” has finally revealed itself. LG Electronics had been working hard not to leak any information to outside by not affirming or denying truth of White Card until now, Electronic Times reports. After looking at actual “White Card,” which is LG Pay payment media, its shape is very similar to a normal credit card. There is not much difference in thickness either. LG Electronics had designed it so that not only one can make a payment at a normal retail store, but he or she can also withdraw money from ATM with it. It had applied behavior of credit card users as it is to it. This can be seen as LG Electronics’ strategy to induce elder people who are not familiar with Smartphone payments and introduce group of people that tend to spend more money than others. According to IT, finance, and distribution industries, LG Electronics had recently pre-ordered about 50,000 White Cards for White Card’s release. It is currently discussing with a South Korean Smart Card business about mass-production of White Card. LG Electronics is currently testing payments with many VAN companies for payment linkage and is planning to introduce it at MWC 2016 that will be held next month. Although LG Pay is going to support IC payment along with MS, LG Pay that will be introduced during first half will only support MS transactions. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Russia clarifying reports on Baku’s alleged arms supply to Ukraine Russia says is carefully working to verify reports about alleged arms supplies from Azerbaijan to Ukraine Russia warns Armenia against “falling into West’s trap” Zakharova maintained, however, that anything that will benefit the people of Armenia can only be welcomed. CSTO: Armenia has not participated in secretariat’s work recently Recently Armenia has not participated in the work of the secretariat of the CSTO, Imangali Tasmagambetov said. Meeting with U.S., EU not against third parties, says Armenia The meeting scheduled for April 5 is dedicated to strengthening of the Armenia-EU-US cooperation, Yerevan added. |