Samsung Pay Adds Eight More Credit and Debit Cards
On Monday, Chase Visa credit, debit and Liquid cards joined the line of cards supported by Samsung Pay. A number of MasterCard issuers have also joined Samsung Pay, including Citizens Equity First Credit Union, Randolph-Brooks Federal Credit Union, Security Service Federal Credit Union, State Employees’ Credit Union, SunTrust and Virginia Credit Union. Navy Federal Credit Union Visa credit and debit cards.
Samsung Pay is similar to Apple Pay and Android Pay in that consumers save their credit card information to the app, and then use the app to pay for goods.
“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.”
“Samsung Pay gives our customers another convenient way to pay with their Chase cards,” said Gavin Michael, Head of Digital for Chase. “They choose how they want to pay.”
Some features of Samsung Pay include:
- Ease of Use: Consumers just swipe up on their phones and scan their fingerprint to pay.
- Secure Transactions: The app uses a tokenization service called Samsung KNOX that requires fingerprint authentication to pay securely. The fact that payment terminals have been updated to EMV also increases safety.
- Available Almost Everywhere: Samsung Pay works at more places than any other mobile payment service, as it can be used at most magnetic strip, EMV and NFC terminals.