Chase Pay to take on Apple, Google and Samsung in 2016

JP Morgan Chase will launch its own smartphone payment platform in mid-2016, it said Monday, going head-to-head with rival services from Apple, Google and Samsung.Chase Pay will be based on CurrentC, a retailer-led mobile payment system that has largely been written off by Silicon Valley techies for its reliance on barcodes rather than the more sophisticated NFC (near-field communications) technology adopted by its competitors.It works through an app that displays a barcode on the customer's sma