Right on the money! Samsung Pay gets announced for the United States and Korea

Right on the money! Samsung Pay gets announced for the United States and Korea
At MWC 2015, Samsung announced its Apple Pay competitor, titled Samsung Pay. S-Pay lets customers make secure mobile transactions at merchants using existing POS terminals. To make the service device and location-agnostic, Samsung takes advantage of NFC connectivity and a proprietary technology by the name of Magnetic Secure Transmission. This could let Samsung Pay could reach up to 30 million merchant locations worldwide. MST also enables private label credit card (PLCC) support with cooperation from Synchrony Digital and First Data Corp.

In addition, Samsung partnered with Visa and Mastercard, and is working to expand the Samsung Pay ecosystem with the likes of American Express, Bank of America, Citi, JP Morgan, and U.S. Bank to really get the service going.

The system itself relies on Galaxy S and Note devices' built-in fingerprint sensor. Users simply swipe up from the bottom bezel to launch the Samsung Pay app, choose the credit card they'll pay with, and authenticate the transaction with their fingerprint. To ensure proper security, Samsung combined the system with its KNOX platform, ARM TrustZone, and tokenization - which lets users replace card data with an unique secure token.

Samsung Pay will launch in the United States and Korea in the summer, while other regions (such as Europe and China) will follow later. The first devices to support it will be the Samsung Galaxy S6 and Samsung Galaxy S6 Edge.

source: Samsung

Related phones

Galaxy S6
  • Display 5.1" 1440 x 2560 pixels
  • Camera 16 MP / 5 MP front
  • Processor Samsung Exynos 7 Octa, Octa-core, 2100 MHz
  • Storage 128 GB
  • Battery 2550 mAh(23h 3G talk time)
Galaxy S6 edge
  • Display 5.1" 1440 x 2560 pixels
  • Camera 16 MP / 5 MP front
  • Processor Samsung Exynos 7 Octa, Octa-core, 2100 MHz
  • Storage 128 GB
  • Battery 2600 mAh(26h talk time)

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25 Comments

1. darkkjedii

Posts: 31633; Member since: Feb 05, 2011

Samsung Pay

14. drunkenjay

Posts: 1702; Member since: Feb 11, 2013

you are learning quite fast. i guess apple doesnt teach you must stuff does it. heres an apple sticker. you have earned it.

16. darkkjedii

Posts: 31633; Member since: Feb 05, 2011

I guess Samsung didn't teach your ass how to spell, and punctuate. Good lord dude.

20. irellemot

Posts: 109; Member since: Nov 29, 2012

Wow, good job! You can read!

2. MrHate

Posts: 318; Member since: Feb 09, 2015

Apple, is that you?

3. amasog

Posts: 552; Member since: Aug 22, 2013

no!! i just copied you... LOL!!

6. tacarat

Posts: 854; Member since: Apr 22, 2013

Google wallet? Or softcard?

4. darkkjedii

Posts: 31633; Member since: Feb 05, 2011

The headphone jack is on the bottom.

11. wando77

Posts: 1168; Member since: Aug 23, 2012

Just like it was on the SAMSUNG galaxy nexus

12. wando77

Posts: 1168; Member since: Aug 23, 2012

Next?

17. darkkjedii

Posts: 31633; Member since: Feb 05, 2011

As in, what will they copy from Apple "Next". Next?

19. j2001m

Posts: 3061; Member since: Apr 28, 2014

You only copy if it's the same, hm, Apple pay can be used in like 10% of shops in the usa, samsung pay hm, 90%,

13. drunkenjay

Posts: 1702; Member since: Feb 11, 2013

grats what else did you learn today? the letter s?

18. darkkjedii

Posts: 31633; Member since: Feb 05, 2011

Start your sentences with capital letters please.

22. irellemot

Posts: 109; Member since: Nov 29, 2012

Keen observation, Mr. Dark. I suppose you also noticed how pre-iPhone 5 handsets had it on the top? And how the Samsung Nexus S, released two years before the iPhone 5, has the headphone jack on the bottom?

23. darkkjedii

Posts: 31633; Member since: Feb 05, 2011

Burp.

5. MGP67

Posts: 3; Member since: Mar 01, 2015

I remember when Samsung first had their Finger Print scanner, it was not well executed; it didn't work well. Are you Samsung users confident it will work well with this Samsung Pay service?

7. SlimSoulja86

Posts: 660; Member since: Nov 03, 2011

It means it's better now. Things inprove with time you know.

15. drunkenjay

Posts: 1702; Member since: Feb 11, 2013

well you guys are confident even after the fappening so whats the difference.

24. MGP67

Posts: 3; Member since: Mar 01, 2015

My credit card info and finger print aren't saved in the cloud, so I'm not worried. Samsung Pay will have your credit card info in their "cloud"/servers, so there's that.

21. j2001m

Posts: 3061; Member since: Apr 28, 2014

It works the same way as Apple now unlike before, Apple paid $$$$ to lock out the tech so samsung had to make new tech, same way as samsung paid for the tech to make Apple pay look crap I.e. Why Apple pay only does 10% of shops and samsung pay does 90%

8. chris2k5

Posts: 291; Member since: Nov 17, 2012

Samsung Pay is a disaster waiting to happen. They said they don't store the card info on the phone. They store it with a unique token which is essentially in their cloud.

9. mrej201

Posts: 226; Member since: Feb 04, 2015

No idiot read is the security knox

10. chris2k5

Posts: 291; Member since: Nov 17, 2012

Idiot, go read their web site. Knox is cloud based. So your card info is in the cloud.

25. MGP67

Posts: 3; Member since: Mar 01, 2015

Yup. I read Loop Pay's website and they store your credit card info on their servers.

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