Could Samsung Build a Better Mobile Wallet Than Apple?

If recent reports are to be believed, Samsung may join Apple and Google in offering a mobile payments system of its own — one that it hopes could be more accessible and universally accepted than Apple Pay. Re/code’s Jason Del Ray reports that Samsung is in talks with a payments startup to create a wireless mobile payments system to be unveiled in 2015, that would rival the recently introduced Apple Pay. The technology would enable owners of certain Samsung phones to pay at brick-and-mortar stores by waving their phones instead of swiping a card. It’s unclear so far if Samsung has actually reached a deal with Massachusetts-based LoopPay, but one source says that a prototype of the payments system has already been created.