Samsung Pay is promising to be the most accepted mobile payment system, and expands its supported credit / debit cards to include Chase Visa credit, debit and Liquid cards, debit and credit offerings from Citizens Equity First Credit Union, Randolph-Brooks Federal Credit Union, Security Service Federal Credit Union, State Employees’ Credit Union, SunTrust and Virginia Credit Union. Samsung Pay also now supports Navy Federal Credit Union Visa® credit and debit cards. Users of these Cards will be able to use Samsung Pay to pay almost anywhere they can swipe or tap their card.
“With expanded support from eight additional issuers, including Chase and SunTrust, we look forward to building even more momentum around Samsung Pay,” said Injong Rhee, EVP of Samsung Electronics, Global Head of Samsung Pay. “Through our ever expanding ecosystem of financial partners, Samsung Pay users will be able to take advantage of the most widely accepted mobile payment solution.”
All three major payment networks will continue to be supported by Samsung Pay: American Express, MasterCard and Visa, as well as major banks including Bank of America, Chase, Citi, Navy Federal Credit Union, SunTrust, U.S. Bank, and key partners including Blackhawk Network, First Data, Global Payments, Synchrony Financial, TSYS, Vantiv, and Worldpay.
We will see Samsung Pay coming to the Gear S2 smartwatch, hopefully this month, but this will only support certain NFC terminals at this point, and will need a compatible Samsung Pay handset in order for it to work. Currently the supported handsets are the Galaxy S6, Galaxy S6 edge, Galaxy S6 edge+, and Galaxy Note 5. It is hoped that Samsung pay will come to Tizen handsets after a Tizen flagship device has been launched, as the current Samsung Z1 and Samsung Z3 do not support it. Samsung Pay will also be expanded to non-Samsung handsets in the coming months, and should also come to some European countries including the UK.
Features
- SIMPLE: To make a payment on Samsung Pay, users can simply swipe up, scan their fingerprint and pay.
- SAFE: Samsung Pay uses tokenization, Samsung KNOX, and fingerprint authentication to provide secure payments. And, as terminals are upgraded to EMV, that security is leveraged, too.
- ALMOST ANYWHERE: Samsung Pay is compatible with most existing and new terminals, including most magnetic stripe, EMV and NFC terminals*. That means Samsung Pay works at more places than any other mobile payment service.
