{"id":526,"date":"2015-08-13T15:40:20","date_gmt":"2015-08-13T19:40:20","guid":{"rendered":"http:\/\/samsungnewsroom-staging.elasticbeanstalk.com\/us\/?p=526"},"modified":"2020-05-07T20:45:03","modified_gmt":"2020-05-08T00:45:03","slug":"samsung-announces-launch-dates-for-groundbreaking-mobile-payment-service-samsung-pay","status":"publish","type":"post","link":"https:\/\/samsung-newsroom-production.barbariangroup.com\/us\/samsung-announces-launch-dates-for-groundbreaking-mobile-payment-service-samsung-pay\/","title":{"rendered":"Samsung Announces Launch Dates for Groundbreaking Mobile Payment Service: Samsung Pay"},"content":{"rendered":"<p><span class=\"tx f145\">Samsung Electronics Co., Ltd., <\/span><span class=\"tx\">unveiled today that Samsung Pay, a secure <\/span><span class=\"tx\">and easy-to-use mobile payment service that can be used to make purchases nearly everywhere cards <\/span><span class=\"tx\">are accepted, will launch in Korea on August 20 and in the U.S. on September 28. Samsung plans to roll <\/span><span class=\"tx\">out the service in the U.K., Spain and China, with partners to be named in each market. <\/span><\/p>\n<p><span class=\"tx\">Speaking at a Samsung event in New York where it unveiled its newest flagship devices \u2013 the Galaxy S6 <\/span><span class=\"tx\">edge+ and Galaxy Note5, <strong>JK Shin, CEO and Head of IT &amp; Mobile Communications Division at Samsung <\/strong><\/span><span class=\"tx\"><strong>Electronics<\/strong> said, \u201cWith the launches of these exciting new smartphones, we will open a new era of <\/span><span class=\"tx\">mobile payment. This is Samsung\u2019s brave step forward to enhance our mobile experience. It is easy, <\/span><span class=\"tx\">safe, and most importantly, available virtually anywhere you can swipe a card, in most cases without <\/span><span class=\"tx\">new costs for merchants, from day one.\u201d <\/span><\/p>\n<p><span class=\"tx\">Samsung Pay will be preloaded on select Galaxy S6 edge+ and Galaxy Note5 devices and a free software <\/span><span class=\"tx\">upgrade will be rolled out beginning mid-August, to enable Samsung Pay on Galaxy S6 and S6 edge <\/span><span class=\"tx\">devices in the U.S. and Korea. Select U.S. users of Galaxy S6, S6 edge, S6 edge+ and Note5 will be able to <\/span><span class=\"tx\">participate in a beta trial from August 25 ahead of the September 28 launch. <\/span><\/p>\n<ul>\n<li class=\"tb f149\"><strong><span class=\"tx f145\">SIMPLE<\/span><\/strong><span class=\"tx\">: To make a payment on Samsung Pay, users can simply swipe up, scan their fingerprint <\/span><span class=\"tx\">and pay.\u00a0<\/span><\/li>\n<li class=\"tb f149\"><strong><span class=\"tx f145\">SAFE<\/span><\/strong><span class=\"tx\">: Samsung Pay uses tokenization, Samsung KNOX, and fingerprint authentication to provide <\/span><span class=\"tx\">secure payments and reduce the security risks inherent to plastic cards.\u00a0<\/span><\/li>\n<li class=\"tb f149\"><strong><span class=\"tx f145\">VIRTUALLY ANYWHERE<\/span><\/strong><span class=\"tx\">: With Magnetic Secure Transmission (MST) and Near Field <\/span><span class=\"tx\">Communication (NFC) technologies, Samsung Pay works with most existing point-of-sale (POS) <\/span><span class=\"tx\">terminals. That means it\u2019s the only mobile payment service that works virtually anywhere you <\/span><span class=\"tx\">can swipe your credit card or debit card. <\/span><\/li>\n<\/ul>\n<p><span class=\"tx\">\u201cThe future of mobile payments has arrived,\u201d said <strong>InJong Rhee, EVP of Samsung Electronics, Global Head <\/strong><\/span><span class=\"tx\"><strong>of Samsung Pay<\/strong>. \u201cWe are partnering with card networks, issuers and acquirers, and Samsung Pay will <\/span><span class=\"tx\">also be the first to support contactless payment for store-branded credit cards. The list of partners will <\/span><span class=\"tx\">only grow.\u201d <\/span><\/p>\n<h4><span class=\"tx f145\">Extensive partnership ecosystem<\/span><\/h4>\n<p><span class=\"tx\">Samsung Pay continues to strategically expand its partnership ecosystem to provide greater flexibility, <\/span><span class=\"tx\">access, and choice for customers. Samsung anticipates working with payment networks such as, <\/span><span class=\"tx\">American Express, Discover, MasterCard and Visa, major banks including Bank of America, Chase, U.S. <\/span><span class=\"tx\">Bank and key financial partners including First Data, Synchrony Financial and TSYS to extend Samsung <\/span><span class=\"tx\">Pay to the U.S. Samsung anticipates working with all major Korean card companies including Samsung <\/span><span class=\"tx\">Card, Shinhan Card, KB Kookmin Card, Hyundai Card, Lotte Card, NH Nonghyup Card, BC Card, Hana <\/span><span class=\"tx\">Card, Woori Card and Citi Card. <\/span><\/p>\n<p><span class=\"tx\">&#8220;We leverage our unique technology and capabilities to provide our customers with seamless, <\/span><span class=\"tx\">differentiated experiences, giving them more flexibility and choice for how to pay,&#8221; said <strong>Tony Prentice, <\/strong><\/span><span class=\"tx\"><strong>vice president of mobile payments at American Express<\/strong>. &#8220;As part of that strategy, we are excited to work <\/span><span class=\"tx\">with Samsung to offer Card Members a new, innovative way to pay in-store with an American Express <\/span><span class=\"tx\">Card on their Samsung devices.&#8221; <\/span><\/p>\n<p><span class=\"tx\">\u201cEmerging technologies are impacting the way our nearly 18 million active mobile customers pay for <\/span><span class=\"tx\">everyday items, and we\u2019re focused on delivering new solutions to help simplify their financial lives,\u201d said <\/span><span class=\"tx\"><strong>Michelle Moore, head of digital banking at Bank of America<\/strong>. \u201cSamsung Pay is a great example of this <\/span><span class=\"tx\">commitment, allowing customers to do more with their mobile devices and manage their finances <\/span><span class=\"tx\">when, where and how they want.\u201d <\/span><\/p>\n<p><span class=\"tx\">\u201cSamsung Pay will give our customers another convenient way to pay with their Chase cards,\u201d said <strong>Gavin <\/strong><\/span><strong><span class=\"tx\">Michael, head of Digital for Chase. <\/span><\/strong><\/p>\n<p><span class=\"tx\">\u201cDiscover\u2019s focus on simplicity and versatility aligns with Samsung Pay\u2019s innovative use of technology,\u201d <\/span><span class=\"tx\">said <strong>Diane Offereins, Discover\u2019s president of payment services<\/strong>. \u201cOffering this new payment service <\/span><span class=\"tx\">continues to enhance the convenience and mobile experience we\u2019re providing to our customers.\u201d \u00a0\u00a0 <\/span><\/p>\n<p><span class=\"tx\">\u201cFirst Data is proud to collaborate with Samsung on the launch of Samsung Pay and we look forward to <\/span><span class=\"tx\">working together to bring a powerful solution to the marketplace,\u201d said <strong>Barry McCarthy, Executive Vice <\/strong><\/span><span class=\"tx\"><strong>President, Network and Security Solutions, First Data<\/strong>. \u00a0\u201cWe have a history of driving innovation in <\/span><span class=\"tx\">payment technology through close collaboration with all parts of the payments ecosystem. Our work <\/span><span class=\"tx\">with Samsung, as well as our other partners in mobile payments, enables more powerful connections <\/span><span class=\"tx\">between merchants, issuers and consumers.\u201d <\/span><\/p>\n<p><span class=\"tx\">\u201cAs consumers increasingly rely on their mobile devices in their everyday lives, MasterCard is pleased to <\/span><span class=\"tx\">partner with Samsung to bring Samsung Pay to our cardholders around the world. Using advanced <\/span><span class=\"tx\">tokenization technology from the MasterCard Digital Enablement Service, we\u2019re delivering a digital <\/span><span class=\"tx\">payment experience that is both simple and secure, and includes all the benefits and guarantees of a <\/span><span class=\"tx\">MasterCard transaction,\u201d said <strong>Cheryl Guerin, Group Executive, MasterCard<\/strong>.<\/span><\/p>\n<p><span class=\"tx\"><strong>Margaret Keane, president and CEO of Synchrony Financial<\/strong> (NYSE: SYF), the largest provider of private <\/span><span class=\"tx\">label credit cards in the U.S.<sup>[1]<\/sup>, noted, \u00a0\u201cThis is great news for our customers who will enjoy the benefits <\/span><span class=\"tx\">our cards offer when they choose to make easy and secure mobile payments with Samsung Pay. It is also <\/span><span class=\"tx\">important for many of our retail partners who can use their existing point of sale devices to deliver <\/span><span class=\"tx\">secure mobile payments and a seamless customer experience at more than 300,000 locations.\u201d\u00a0<\/span><span class=\"tx f153\">\u00a0<\/span><\/p>\n<h6><em><span class=\"tx f153\"><sup>[1]<\/sup> Based <\/span><span class=\"tx f153\">on purchase volume and receivables according to issue number 1,062 of \u201cThe Nilson Report,\u201d dated April 2015 (based on 2014 data).<\/span><\/em><\/h6>\n<p><span class=\"tx\">\u201cWe expect the adoption of mobile payments to change the payments landscape,\u201d said <strong>Gaylon Jowers, <\/strong><\/span><span class=\"tx\"><strong>Jr., senior executive vice president, TSYS<\/strong>. \u201cWe are excited to be on the leading edge in collaboration <\/span><span class=\"tx\">with industry stalwarts like Samsung through technologies like Samsung Pay.\u201d \u00a0 <\/span><\/p>\n<p><span class=\"tx\">\u201cBeing one of the first to offer our consumer and business customers Samsung Pay is a great example of <\/span><span class=\"tx\">our focus on Innovation at U.S. Bank and Elavon,\u201d said <strong>Dominic Venturo, chief innovation officer at U.S. <\/strong><\/span><span class=\"tx\"><strong>Bank<\/strong>. \u201cU.S. Bank customers with qualifying credit or debit cards will be able to pay with their Samsung <\/span><span class=\"tx\">device using Samsung Pay; and our U.S. Bank and Elavon merchant customers will be able to accept the <\/span><span class=\"tx\">point of sale transactions right away. This is an important step in the continuous evolution of payments <\/span><span class=\"tx\">and consistent with providing our customers the ability to do business with us how, when and where <\/span><span class=\"tx\">they want.&#8221; <\/span><\/p>\n<div class=\"tb f149\"><span class=\"tx\">\u201cInstantly on day one, because of MST technology, Samsung Pay will be accepted almost anywhere <\/span><span class=\"tx\">consumers can pay today,\u201d said <strong>Jim McCarthy, Executive Vice President of Innovation and Strategic <\/strong><\/span><span class=\"tx\"><strong>Partnerships at Visa<\/strong>. \u201cWe see this as a huge step forward for consumer choice and payment security.\u201d\u00a0<\/span><\/div>\n<h6 class=\"tb f149\"><span class=\"tx f145\">About Samsung Pay<\/span><\/h6>\n<h6 class=\"tb f149\"><span class=\"tx\">Samsung Pay is a simple, safe and available virtually anywhere you can swipe your card mobile payment <\/span><span class=\"tx\">service from Samsung Electronics. \u00a0Combining NFC with Samsung\u2019s proprietary MST technologies, <\/span><span class=\"tx\">Samsung Pay provides consumers a way to pay nearly anywhere you can swipe a card at millions of <\/span><span class=\"tx\">merchant locations worldwide. Samsung continues to strategically expand its partnership ecosystem for <\/span><span class=\"tx\">Samsung Pay to provide greater flexibility, access, and choice for customers while enabling an easy and <\/span><span class=\"tx\">safe payment experience. <\/span><\/h6>\n","protected":false},"excerpt":{"rendered":"<p>Samsung Electronics Co., Ltd., unveiled today that Samsung Pay, a secure and easy-to-use mobile payment service that can be used to make purchases nearly everywhere cards are accepted, will launch in Korea on August 20 and in the U.S. on September 28. Samsung plans to roll out the service in the U.K., Spain and China, [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[17560,29720,29718],"tags":[441,437,446,256],"blue-badge":[],"class_list":["post-526","post","type-post","status-publish","format-standard","hentry","category-product-mobile-apps-services","category-product-mobile","category-product","tag-digital-wallet","tag-jk-shin","tag-mastercard","tag-samsung-pay"],"acf":{"turn_off_retargeting":false},"fimg_mobile_url":"https:\/\/samsung-newsroom-production.barbariangroup.com\/us\/wp-content\/themes\/samsung-newsroom-2023\/assets\/theme-images\/default-card-mobile.png","fimg_url":"https:\/\/samsung-newsroom-production.barbariangroup.com\/us\/wp-content\/themes\/samsung-newsroom-2023\/assets\/theme-images\/default-card.png","primary_category":{"term_id":17560,"name":"Apps &amp; Services","slug":"product-mobile-apps-services","term_group":0,"term_taxonomy_id":17560,"taxonomy":"category","description":"","parent":29720,"count":194,"filter":"raw","term_link":"https:\/\/samsung-newsroom-production.barbariangroup.com\/us\/category\/product\/product-mobile\/product-mobile-apps-services\/","term_path":"product\/product-mobile\/product-mobile-apps-services"},"badge":"Press Release","_links":{"self":[{"href":"https:\/\/samsung-newsroom-production.barbariangroup.com\/us\/wp-json\/wp\/v2\/posts\/526","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/samsung-newsroom-production.barbariangroup.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/samsung-newsroom-production.barbariangroup.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/samsung-newsroom-production.barbariangroup.com\/us\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/samsung-newsroom-production.barbariangroup.com\/us\/wp-json\/wp\/v2\/comments?post=526"}],"version-history":[{"count":0,"href":"https:\/\/samsung-newsroom-production.barbariangroup.com\/us\/wp-json\/wp\/v2\/posts\/526\/revisions"}],"wp:attachment":[{"href":"https:\/\/samsung-newsroom-production.barbariangroup.com\/us\/wp-json\/wp\/v2\/media?parent=526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/samsung-newsroom-production.barbariangroup.com\/us\/wp-json\/wp\/v2\/categories?post=526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/samsung-newsroom-production.barbariangroup.com\/us\/wp-json\/wp\/v2\/tags?post=526"},{"taxonomy":"blue-badge","embeddable":true,"href":"https:\/\/samsung-newsroom-production.barbariangroup.com\/us\/wp-json\/wp\/v2\/blue-badge?post=526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}