Samsung Launches Samsung Pay Which May beat Android Pay to market
Coming to new S6 EDGE+, Galaxy Note 5 , along with Galaxy S6 and S6 Edge
Samsung Pay is expected to be available in the US on September 28 and will come bundled with the Galaxy S6 Edge+ and the Galaxy Note 5; it will also be downloadable to two older but-still-new Galaxy devices: the S6 and S6 Edge
Samsung Pay seems to have going for it is its ability to send payment information over MST (Magnetic Secure Transmission), a technology that predates NFC and is supported by a much larger subset of older card readers. This could potentially boost Samsung Pay’s acceptance rate, since it could be used in places without the NFC-equipped readers required for Android Pay to work.
Samsung’s presentation highlighted the universal acceptability of Samsung Pay (leaning on MST). The company also claims that it’s the first mobile payment solution to come to market with support for store-branded credit cards, store membership cards, and gift cards. Card information is protected with Samsung’s "KNOX" technology (the same tech Samsung has been toying with for dual-role work/home devices for years) and is accessed with a fingerprint scan
Coming to new S6 EDGE+, Galaxy Note 5 , along with Galaxy S6 and S6 Edge
Samsung Pay is expected to be available in the US on September 28 and will come bundled with the Galaxy S6 Edge+ and the Galaxy Note 5; it will also be downloadable to two older but-still-new Galaxy devices: the S6 and S6 Edge
Samsung Pay seems to have going for it is its ability to send payment information over MST (Magnetic Secure Transmission), a technology that predates NFC and is supported by a much larger subset of older card readers. This could potentially boost Samsung Pay’s acceptance rate, since it could be used in places without the NFC-equipped readers required for Android Pay to work.
Samsung’s presentation highlighted the universal acceptability of Samsung Pay (leaning on MST). The company also claims that it’s the first mobile payment solution to come to market with support for store-branded credit cards, store membership cards, and gift cards. Card information is protected with Samsung’s "KNOX" technology (the same tech Samsung has been toying with for dual-role work/home devices for years) and is accessed with a fingerprint scan
Simple Steps to Pay
- Swipe up from the home button. Or, select the Samsung Pay app icon from your home screen or app tray
- Authorize payments by simply scanning your finger on the home key
- Hover your phone over the in-store card reader. Congratulations! You just paid!
Samsung Pay is accepted virtually anywhere you can swipe or tap your card.* Samsung Pay makes transactions super easy — Swipe. Secure. Hover. Pay. And it’s safe; your purchases remain yours alone; Samsung Pay doesn’t store or share your payment information, so you can pay without worry. *Only compatible with select cards and Samsung devices; check back soon for compatibility list.
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