Samsung will buy Apple Pay competitor LoopPay

Samsung will buy LoopPay, a mobile payments company. LoopPay's technology allows mobile payments through traditional magnetic credit card readers. That means it can theoretically work in a lot more places than Apple Pay, which requires special payment pads to work. Samsung did not say how much it's paying to buy LoopPay. According to a report last year in Re/code, Samsung plans to incorporate LoopPay's technology in an upcoming flagship phone, likely the Galaxy S6.  LoopPay's CEO Will Graylin c...