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A24 TECHNOLOGY
Thursday 1 November 2018

In this May 18, 2018, photo, a visitor walks past a display
showing microchips and circuit boards at the 21st China Beijing
International High-tech Expo in Beijing.
Associated Press
U.S. limits tech exports

to Chinese firm

on security grounds

In this Aug. 6. 2015, file photo, a Samsung employee demonstrates Samsung Pay using a Galaxy WASHINGTON (AP) — The to the department’s “Entity
S6 Edge Plus in New York. Mobile wallets come in different digital forms. Trump administration has List,” which will require it to
Associated Press imposed restrictions on obtain an export license
With mobile pay, you can go technology exports to a for all software, technol-
Chinese ogy and commodities, the
state-supported
semiconductor
Department
maker, Commerce
without a wallet at checkout citing national security said. It said such applica-
grounds amid a mounting tions “will be reviewed with
tariff battle. a presumption of denial.”
By MARGARETTE BURNETTE the familiarity of good old bile app. The controls imposed Mon- That “will limit its ability to
NerdWallet plastic. But if you’re ready When it’s time to make a day on Fujian Jinhua Inte- threaten the supply chain
When you’re at the check- to give mobile wallets a try, payment, show your de- grated Circuit Co. reflect for essential components in
out line this holiday season, here’s what you need to vice at the checkout line. concern Chinese competi- our military systems,” Com-
you could juggle your bags know to get started. You typically complete the tion could drive American merce Secretary Wilbur
and dig into your purse or WHERE MOBILE WALLETS transaction by placing the technology suppliers out of Ross said in the statement.
billfold for your credit or WORK BEST. Shoppers who device near the terminal business, leaving the mili- China’s foreign ministry
debit card. don’t want to carry physi- and scanning a barcode tary without secure sources said it hoped foreign gov-
Or you could use that cal wallets and cards — or or using a biometric read- of components. ernments would treat Chi-
phone you’re already who are scared of losing er that may, for example, Beijing has spent heavily to nese companies “reason-
clutching, or that new a card — may find mobile scan your fingerprint to sign build up Jinhua and other ably and fairly.”
smartwatch strapped to wallets helpful. Many early off on the purchase. chip makers as part of ef- “We hope the United
your wrist. Many stores now adopters have been young MOBILE WALLET ADOP- forts to transform China into States will do something
accept mobile wallets, a adults who wear smart- TION HAS STALLED. Despite a global leader in robotics, that serves the two sides’
technology that lets cus- watches or carry phones the ease of using mobile artificial intelligence and interest and helps improve
tomers make payments via nearly everywhere and are wallets, less than half of other technology industries. mutual trust, instead of the
smartphone or watch. willing to try new forms of all smartphone owners The United States, Europe other way around,” said
Mobile wallets come in dif- payment, Augustine says. use the technology, and and other trading partners a ministry spokesman, Lu
ferent digital forms. There Those who want an easier adoption has not grown say Beijing’s tactics violate Kang.
are device specific plat- way to track store rewards over the past three years, its market-opening obliga- Calls to Fujian Jinhua’s of-
forms, such as Apple Pay might also benefit from mo- according to Augustine. tions. American officials fices rang unanswered
and Samsung Pay, which bile wallets. One problem may be that worry they might erode U.S. Tuesday and there was no
are compatible with Apple A mobile wallet can keep some don’t consider it to industrial leadership. immediate response to an
and Samsung devices, re- track of rewards program be much more convenient President Donald Trump inquiry made through their
spectively. information, making it eas- than using a regular credit has imposed tariffs of up to website. ZTE Corp., China’s
Google Pay works with mul- ier to get credit for qualify- or debit card, she says. 25 percent on $250 billion second-biggest maker
tiple platforms, including ing purchases. Merchants Concerns about safe- of Chinese goods in an ef- of telecoms equipment,
Android devices. and credit card issuers guards are another issue. fort to pressure Beijing to roll faced possible bankruptcy
About one-third of smart- might also offer promotion- Many consumers are more back those plans. this year after Washington
phone owners who access al bonus rewards for mobile worried about the security Jinhua is completing “sub- imposed a seven-year ban
mobile wallets use those wallet transactions. of mobile wallet payments stantial production capac- on sales of U.S. technology
downloaded from specific HOW MOBILE WALLETS than traditional card pay- ity” for integrated circuits, to the company over its
retailers, says Karen Augus- WORK. To start, you’ll need ments, says Ryan Grog- possibly using U.S. technol- exports to Iran and North
tine, a manager of primary to load your bank informa- man, senior vice president ogy, which “threatens the Korea.
data services at Mercator tion onto your preferred and practice lead at Bos- long-term economic viabil- American authorities lift-
Advisory Group, a pay- mobile wallet device. That ton Retail Partners, a retail ity of U.S. suppliers of these ed the ban in July after
ments and consulting re- generally means entering consulting company. essential components of ZTE paid a $1 billion fine,
search firm. a credit card or debit card But mobile wallets do have U.S. military systems,” said agreed to replace its ex-
Still, many consumers are number and security code, some security advantages a Commerce Department ecutive team and hired
sticking with their cards due and accepting the terms over regular credit and statement. U.S.-selected compliance
to concerns about safety or and conditions in the mo- debit cards.q The company was added officers.q