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Samsung Pay Launches In September

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Aug 13, 2015, 10:14 AM   by Eric M. Zeman
updated Aug 13, 2015, 10:40 AM

Samsung today said its mobile payment service will launch in the U.S. next month. Samsung claims the service will be available nearly everywhere, thanks to its support for NFC and MST (Magnetic Secure Transmission) technologies. MST is located in most retail environments and will allow Samsung Pay users to make tap-and-go payments virtually anywhere. Samsung Pay is protected by Samsung Knox, fingerprint verification, and digital tokenization to anonymize user information. Samsung has partnered with major payment network operators American Express, MasterCard, and Visa, as well as a selection of financial institutions, including Bank of America, Chase, Citibank, USBank, First Data, and Synchrony. The service is available to the Galaxy S6, S6 Edge, Note 5, and S6 Edge+. It goes live September 28.

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