Samsung Pay Adds TD Bank and Regions Bank

Samsung Pay Adds TD Bank and Regions Bank

April 18, 2016         Written By Natalie Rutledge

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.



The information contained within this article was accurate as of April 18, 2016. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.


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About Natalie Rutledge

Natalie Rutledge majored in Communications at Mississippi State University. She was in sales for a number of businesses and spent nine years working as a communications advisor to various entities. Natalie can be contacted directly at natalie@lowcards.com
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