Samsung own mobile payment system
Samsung Pay is a mobile payment system that allows you to carry as many cards as you want – an average American family has 30 loyalty cards.A user could do the same thing by taking pictures of the barcodes and storing them in a photo app.Samsung Pay will soon be very useful to US customers and user to spend some money this weekend using the beta on a Samsung Galaxy Note 5.
Samsung Pay service is a bit late to the party, since both Android Pay and Apple Pay have supported loyalty cards for a while. However,Samsung Pay will come preloaded on the new Galaxy S6 edge+ and Galaxy Note5 and will be available as a free download on the Galaxy S6 and S6 edge. it’s potentially more useful due to Samsung Pay’s more universal terminal support.
Samsung told that
“Users can upload and store merchant membership and loyalty cards in Samsung Pay—including from their gym, drug store, grocery store or any of their favorite retailers. Samsung Pay’s new membership feature can also be used to store other cards such as insurance and personal identification cards for safe keeping. To use membership or loyalty cards, users simply launch the Samsung Pay app, select the appropriate card, hold their Samsung Galaxy smartphone screen up to the merchant’s scanner, and let the card’s barcode be scanned at the register.”
Samsung Pay has the potential of being accepted at approximately 30 million merchant locations worldwide, making it the only mobile payment solution with near universal acceptance.mobile payment systems, customers use their fingerprint to confirm a purchase after they’ve placed their phone near a point-of-sale system at the register. “It is easy, safe, and most importantly, available virtually anywhere you can swipe a card, in most cases without new costs for merchants.Samsung offers this capability by deploying a groundbreaking technology called Magnetic Secure Transmission (MST).
Secure and Private
Samsung is deeply committed to upholding security and user data privacy to the highest industry standards. Samsung Pay does not keep personal account numbers on a consumer’s device. In addition, Samsung Pay provides many security features that make it safer than a physical card. When combined with tokenization – replacing sensitive card data with a unique, secure token to prevent fraud – Samsung Pay will deliver secure mobile payments worldwide.
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