Samsung denies Samsung Pay impacted by LoopPay hack

Korean company insists its payment system is secure and that no user or transaction data has been impacted by hack into underlaying technology

Samsung has insisted that its newly launched mobile payments system is unaffected after the technology on which it is based, called LoopPay, was hacked.

American payments startup LoopPay, bought by Samsung in February to underpin the company's Samsung Pay mobile payments system, was attacked by a Chinese group of hackers according to a report by the New York Times.