PALO ALTO, CA--(Marketwired - May 24, 2016) - Mobeam, the unique global leader in mobile barcode beaming, today announced that its technology has been incorporated into Samsung Electronics Co. Ltd.'s popular Samsung Pay mobile payment service. Mobeam technology has been used in Samsung Pay for a number of months for the redemption of gift cards that are barcode based. With the latest Samsung Pay update, Mobeam's beaming technology has been further implemented within Samsung Pay to power the transmission of any barcoded loyalty or membership card at retail POS laser scanners.

Because of long-standing technology barriers, point-of-sale (POS) laser scanners are unable to read barcodes on smartphone screens. Within the Samsung Pay mobile wallet, Mobeam technology enables barcoded gift cards, loyalty cards, and membership cards to be redeemed digitally using Mobeam, which emulates the reading of a barcode by beaming an invisible light into the POS scanner which is read by the scanner as a reflection of the barcode.

"Most retail transactions today incorporate some form of 'non-cash' payment or promotion at checkout, or the presentation of shopper credentials, which can include loyalty cards, gift cards or coupons," said Mobeam CEO George Garrick. "These types of non-cash payments and credentials typically contain barcodes; however, barcodes cannot be read from smartphone screens by retail laser scanners. Since the laser scanner is the most widely used scanner in grocery stores, drug stores, and mass merchandiser chains, mobile wallet shoppers are otherwise left with a hybrid process that still requires the inconvenient manual use of plastic and paper."

Mr. Garrick added that retailers and brands benefit from the use of barcode beaming by creating a more convenient shopping experience for their customers, as well as the opportunity for improved targeting of offers, faster and easier checkout and transaction clearing, and enhanced security that reduces opportunities for fraud. Mobeam technology can be used for virtually all forms of barcoded payment, such as e-gift cards, manufacturer coupons, and retailer offers and loyalty programs.

Garrick continued to say that, "Contrary to what a lot of people think, it's not at all as simple of taking a photo of the barcode with your phone's camera and then showing that photo to the laser scanner. Try that. It simply won't work. Mobeam is an extremely sophisticated technology which allows an infra-red LED in the phone to transmit the barcode to the scanner. The scanner interprets it exactly as if it were scanning the barcode, and to the shopper the motion is the familiar act of presenting the phone's screen to the scanner."

Mobeam currently operates with more than 400 million Samsung phones with additional brands of handsets expected to enable beaming in the coming months.

About Samsung Electronics Co., Ltd.

Samsung Electronics Co., Ltd. inspires the world and shapes the future with transformative ideas and technologies, redefining the worlds of TVs, smartphones, wearable devices, tablets, cameras, digital appliances, printers, medical equipment, network systems, and semiconductor and LED solutions. We are also leading in the Internet of Things space through, among others, our Smart Home and Digital Health initiatives. We employ 307,000 people across 84 countries with annual sales of US $196 billion. To discover more, please visit our official website at www.samsung.com and our official blog at global.samsungtomorrow.com.

About Mobeam

Mobeam is a global leader in mobile enabling technology. Mobeam technology allows laser scanners to read 1D barcodes from mobile devices, using patented technology that sends pulses of light or audio pulses to the sensor in scanners mimicking the black-and-white sequencing of standard barcodes. Mobeam is currently pre-loaded on over 400 million mobile devices and enables retailers, CPGs and other companies to uniquely engage with consumers while increasing revenue opportunities. Mobeam was named a Red Herring Top 100 2015 award winner in the mobile industry segment. Additional information is available at www.mobeam.com .