Samsung Pay demoed in hands-on video, works with both NFC and legacy credit card readers

Samsung Pay demoed in hands-on video, works with both NFC and legacy credit card readers
Back at MWC 2015 in early April when Samsung officially unveiled the Samsung Galaxy S6 and the Galaxy S6 edge, the company also announced Samsung Pay, a mobile payment system that was set to compete against Apple Pay and Google Wallet. 

While Samsung has recently started experimenting with its mobile payment platform in its home market of South Korea, Samsung Pay is still nowhere to be seen in most markets around the globe, some four months after the two new Samsung flagships reached the market. As a result, although Samsung detailed how the platform will work in a previous video, most smartphone users around the globe have no idea of what to expect from Samsung Pay in terms of real-world usage.

It's in this context that we find great value in a new video from The Times Of India, one that reveals how Samsung Pay will work in practice. Check it out for yourself:

As you can notice in the video above, the one ace that Samsung Pay has up its sleeve is its compatibility with magnetic stripe card readers. Apple Pay as well as Google Wallet (to become Android Pay by the end of the year) need to be hooked up to an NFC payment terminal, and adoption of such terminals is painstakingly slow. 

While Samsung Pay obviously also works with NFC payment terminals, the system will also be compatible with regular swipe-based card readers, meaning that Samsung Pay will be compatible with virtually all card payment terminals. Samsung was able to make its mobile payment platform work with magnetic credit/debit card readers thanks to the $250 million that the company spent to purchase LoopPay back in February.

The video also reveals the straightforward procedure that users will have to follow to pay with Samsung Pay: bring up Samsung Pay by swiping up from the home screen, select the credit card that you want to use, use the fingerprint reader to authenticate, then approach the handset to the NFC or the magnetic stripe card reader.

Previous rumors have suggested that Samsung Pay will be launched alongside the Galaxy Note 5 internationally, meaning that we might see the platform expand to more countries by the end of August.



1. natypes

Posts: 1110; Member since: Feb 02, 2015

Good, one of the reasons I bought this phone is finally coming to fruition.

17. My1cent

Posts: 370; Member since: Jan 30, 2014

Magnetic stripe cards in US, really? ;-)

21. waddup121 unregistered


2. almostdone

Posts: 448; Member since: Sep 25, 2012

Samsung pay makes far more sense than Apple pay which is useless if you ask me. If you can't use it 99% of the time then it's a hindrance rather than an alternative to the usual credit/debit card payments.

3. ameran

Posts: 344; Member since: Dec 04, 2013

I can't wait using it on my S6 Edge.

4. Neros

Posts: 1016; Member since: Dec 19, 2014

Well, here in the EU we no longer use the magnetic dated tech, so the samsung pay is kinda pointless. Of course you could still use the nfc payment method. Shame...

5. StanleyG88

Posts: 240; Member since: Mar 15, 2012

That's right, even here in the US more and more CCs are going to the EMV chip (Chip & PIN or CHIP & Signature) from of payment and trying to get away from the swipe mag strip. They DO still take the CCs mag strip and will for a time. Eventually, either the retail terminals will need to support both NFC AND EMV or the Phones will need to work somehow as a EMV chipped card. I'm sure this issue is at least 2-3 years down the road.

8. zooler

Posts: 3; Member since: Feb 10, 2015

The US Market will be fulling using the EMV system by Oct 2015. If a retail / food location or small mom and pop place want to take credit card they will get upgrade terminal which support EMV and NFC Payments. Chain restaurants are upgrading to have payment terminals at each table which allows the customer to order food, drinks and pay for apps to play which will remedy the issue of having to hand off your phone for a NFC Payment on the dinner bill.

10. StanleyG88

Posts: 240; Member since: Mar 15, 2012

I've talked to some small retail outlets about the EMV terminals and some have said they ARE forced to upgrade to EMV terminals by Oct 2015 but not all are going to have NFC also. I was just wondering how, if possible, a phone could work with an EMV ONLY terminal.

12. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

Because upgrading to accept EMV doesnt mean you can't swipe. Target's has the new chip reader terminals and they still accept swiping. Not everyone even realizes they may have a credit card with the chip. So far I have only 2, my Discover and AMEX. but my bankcard doesn't and who knows when it will. Even still if the chip gets damaged or doesn't work, the swipe is backup. Magstrip isnt going away as fast as you might think.

22. Kary1

Posts: 300; Member since: Jun 26, 2015

I don't think swipe is the backup. The terminals I have used recognize that the card should have a chip and won't allow a swipe. Not sure what would happen if you tried to use the Samsung magnetic system on such a device.

11. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

Well so far, retailers I see that have terminals with the chip reader still have the swiping too. Every bank hasn't adopted the chips yet. Nor do they have too. The fact it, it would take years for all terminals to support the chip. So what si the alternative? SWIPE. Samsung Pay still works with NFC as well so you have backup. Between now wand whenever every single retailer in the world had alternatives, magstripe is what will be used most for quite a while.

14. StanleyG88

Posts: 240; Member since: Mar 15, 2012

Retailers that have mag swipe terminals ONLY are REQUIRED by the FEDS to upgrade to the EMV terminals by Oct 2015. If they don't, THEY, the retailer, are responsible for any fraud that might result from using a mag swipe card not the Banks. This is their incentive to upgrade. Because no Retailer is going to want to take responsibility from swipe card fraud, I can see the Banks going out with EMV cards fairly quickly once Oct gets here. Nobody will want to use the mag swipe system after that. At some point in time we will see terminals with EMV only or EMV with NFC. Mag swipe will be history.

7. sgodsell

Posts: 7365; Member since: Mar 16, 2013

What the hell are you talking about. They were using the Galaxy phone to show how you would use the phone to tap and pay. The merchants pay system had tap and magnet swipe. But they were showing the phone and the payment system on the phone. Who the hell cares about a magnet reader on a payment system. So Einstein how would you using a magnet reader on a phone? Come on, get with it.

9. StanleyG88

Posts: 240; Member since: Mar 15, 2012

That video WAS showing how the phone could be used with a mag swipe term, didn't you watch? Those mag swipe terms are being replaced with EMV terminals and not all of them will have NFC capabilities. I was just wondering how , if possible, a phone might be made to work with an EMV only terminal. I'm with it, where are YOU.

13. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

And those EMV terminals still accept swipes. Don't you have Target stores where you live? There is a Target right across from my work. Yes they have EMV too, but it still has the card reader and my S6 Edge or Note 5 will still work with it.

15. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

So you're saying if I go to a trailer in EU, I can't swipe? Over 500,000 retail locations and I can't swipe? Retailers yes will be using EMV, but those terminals also will accept swiping and NFC. Because Target has already moved to the chip reader, yet you can swipe still because not everyone bankcard support the chip yet.

18. StanleyG88

Posts: 240; Member since: Mar 15, 2012

After Oct 1st, if you have an EMV card and you try to swipe it at an EMV terminal it won't take it. You MUST us EMV. Europe has been moving to EMV for several years now and is much further along in total coverage. Many of their terminals do not have Mag Strip readers. So, yes, if you go to Europe with a Mag Strip ONLY card, you may find it hard to use in some areas. Hard to say how long it will be before the Mag Strip reader start disappearing from US POS terminals.

19. willard12 unregistered

EMV Adoption Rates in Europe at the end of Q4, 2014 Europe Zone 1 833M Cards - 83.5% Europe Zone 2 153M Cards - 40.4%

20. StanleyG88

Posts: 240; Member since: Mar 15, 2012

US Adoption as of Q4 2014 101m cards - 7.3% Canada, Latin Am, Caribean adoption is 544M - 59.5% With the Oct 1, 2015 "Liability Shift Date" will be interesting to see the adoption rate by the end of the year. BTW, EZ 1 is mostly western Europe; EZ 2 is mostly eastern Europe.

6. DRS1977

Posts: 679; Member since: May 27, 2015

This video is 4 months old? What is new about it?

16. AmirBudi

Posts: 88; Member since: Mar 21, 2014

Samsung Pay is useless in Indonesia because CC transaction must use EMV (chip card). NFC and magnetic card is not accepted.

23. Kary1

Posts: 300; Member since: Jun 26, 2015

The issue I have with all these systems is you get a third party in the way. Right now if I use my credit card for a month and find a fraudulent charge, I complain to the bank and they are required to deal with it. If I have my account information in Samsung/Apple/Google's system I could see the bank saying it is Samsung/Apple/Google's problem, and Samsung/Apple/Google saying it is the bank's problem. Not worth the risk given that taking a credit card out of my wallet isn't that difficult.

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