Samsung Pay Launches In the US
Sep 28, 2015, 8:26 AM by Eric M. Zeman
Samsung today made its mobile payment service, Samsung Pay, available to U.S. consumers. The service is compatible with only a few phones, including the Galaxy Note 5 and the Galaxy S6 Edge+, S6 Edge, and S6. AT&T, Sprint, T-Mobile, and U.S. Cellular support Samsung pay, but Verizon Wireless does not. Consumers can add their American Express, Bank of America, Citibank, or USBank MasterCard or Visa credit/debit card to the service, but it lacks support for Chase at launch. Samsung Pay differs from Apple Pay and Android Pay in one significant respect: it supports both NFC and MST transactions. MST, in particular, is more widely available than NFC and works with most regular credit card terminals used by retailers around the country. Samsung Pay is secured via fingerprint, and credit card information is tokenized so it is protected during transactions. Samsung will reward Note 5 and S6 Edge+ owners who activate Samsung Pay with a free wireless charger or a free wallet flip cover (through Oct. 11). Samsung Pay is free to set up and use.
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