Samsung Pay Adds TD Bank and Regions Bank

Today, Samsung Electronics announced that Samsung Pay will soon support debit and credit cards from TD Bank and Regions Bank.

TD and Regions join 60 other Visa and MasterCard banks and credit unions that have become partners since early March 2016. In total, Samsung Pay supports debit and credit cards from more than 130 financial institutions, which represents over 75% of the credit and debit card market in the United States.

To use Samsung Pay, users simply swipe their mobile device and scan their fingerprint to pay. Transactions are secured through tokenization, Samsung KNOX and fingerprint authentication.

Samsung Pay is compatible at most EMV, NFC and magnetic strip terminals, which means it works at more places than other mobile payment services.

Earlier this month, Samsung announced that Samsung Pay would be accepted with ProPay and that the service would soon expand to China.