Comment Re:FOSS solution? (Score 1) 43
Samsung Pay doesn't involve Samsung acting as a bank. They only act as an intermediary for storing "virtual payment cards" in the security module on your phone. There's some standard interface between Samsung's servers and the financial institutions to facilitate adding cards and sending transaction notifications to the phones. I though Apple Pay could work the same way. It wouldn't surprise me if Google Wallet requires the payment to actually go through them, since they want to put their noses in everything.