History making deployment of mobile payment system – LoopWallet™ is
“Loop users are making history as they embark on an exciting new era of secure smartphone-enabled payments. Loop gives users an intuitive way to simplify and organize their wallets. Just download the free LoopWallet app, order a Loop AppCessory, swipe your cards into your smartphone, and pay at almost everywhere in the world,” said
Loop integrates the highest level of Payment Card Industry (PCI) security, and can conveniently store all cards (payment, gift, loyalty, reward, ID, etc.). With its patented technology, payment card data is encrypted and stored in dedicated hardware secure memory, within the Loop Fob or any Loop enabled device. Partnering with payment card issuers, Loop’s technology can also generate dynamic card data every time a payment is made, making such data unusable for those trying to clone a card. Its contactless chip does not wear out and fits into virtually any form factor that consumers want to carry – from smartphones to fobs, to charge cases, to smart watches, the possibilities are limitless.
Loop was founded by two payment industry pioneers,
“Loop is a true breakthrough, connecting consumers’ payment options directly to the smartphone, and allowing them to pay at more retailers, merchants and restaurants than any other solution on the market. We’re thrilled to be making this announcement today,” said Graylin.
About Loop™ (
Loop invented the world’s first mobile-wallet solution that allows consumers to securely store and organize all of their plastic cards (payment, gift, loyalty, ID, membership cards) and pay with their Loop enabled devices (smart accessories, smartphones, smart watches) virtually everywhere. Based in