With Support from 130 Banks and Credit Unions, Samsung Pay Now
Represents over 75% of the US Debit and Credit Card Market
NEW YORK–(BUSINESS WIRE)–Samsung Electronics Co., Ltd. announced today that Samsung Pay,
the most widely accepted mobile payment system, will soon support
eligible credit and debit cards from TD Bank and Regions Bank, in
addition to 60 Visa and MasterCard banks and credit unions launched
since early March 2016.
With the addition of these banks, Samsung Pay continues to grow momentum
in the United States—supporting eligible credit and debit cards from
more than 130 banks and credit unions, representing over 75% of the US
credit and debit card market.
Samsung Pay supports all major payment networks and many of the
country’s major banks, and it continues to expand its partnership
here for the full list of financial partners that support Samsung
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 the majority of
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.
About Samsung Pay
Samsung Pay, a mobile payment service from Samsung Electronics, is
simple, safe and available almost anywhere you can swipe or tap your
card. Combining NFC with Samsung’s proprietary MST technologies, Samsung
Pay provides consumers a way to pay almost anywhere you can swipe or tap
a card at millions of merchant locations. Samsung continues to
strategically expand its partnership ecosystem for Samsung Pay to
provide greater flexibility, access, and choice for customers while
enabling an easy and safe payment experience. Samsung Pay is compatible
with select cards and Samsung devices, and leading wireless providers.
to learn more.
*Samsung Pay is compatible with select cards, Samsung devices,
and leading wireless providers. Visit www.samsung.com/pay
to learn more. Some card reader terminals may require software updates
to be compatible with Samsung Pay.
About Samsung Electronics America, Inc.
Headquartered in Ridgefield Park, NJ, Samsung Electronics America, Inc.
(SEA), is a recognized innovation leader in consumer electronics design
and technology. A wholly owned subsidiary of Samsung Electronics Co.,
Ltd., SEA delivers a broad range of digital consumer electronics, IT and
home appliance products. Samsung is the market leader for HDTVs in the
U.S. and one of America’s fastest growing home appliance brands. To
discover more of the award-winning products you love with Samsung,
please visit www.samsung.com
and for the latest Samsung news, please visit news.samsung.com/us and
follow on Twitter@SamsungNewsUS.
About Samsung Electronics Co., Ltd.
Samsung Electronics Co., Ltd. inspires the world and shapes the future
with transformative ideas and technologies. The company is redefining
the worlds of TVs, smartphones, wearable devices, tablets, cameras,
digital appliances, printers, medical equipment, network systems, and
semiconductor and LED solutions. For the latest news, please visit the
Samsung Newsroom at news.samsung.com.
Shruti Sehgal, +1-646-452-5637