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The magnetic thing was only ever a Samsung thing and it wasn't as secure as NFC, NFC works basically the same as the thing you're talking about, its only flaw would be that it doesn't work with the old style card readers.
I never claimed otherwise? OP asked what a nifty feature on old gadgets was that's not on newer gadgets, and I said that. That's an old feature that's not on newer gadgets, and it was very handy at the time because very few stores had adopted tap to pay. Would it be AS handy today? Certainly not, but there have still been times I've missed it when a store doesn't have tap to pay.
Yes it's outdated. Isn't that the whole point of everything in this thread??? I just keep getting more confused lol
Edit: to clarify, the phone I had had BOTH MST and NFC. NFC had actually already been around and MST was the new thing at the time. It was simply a cool additional feature.