Samsung Pay launch date finally revealed. Here's what makes it cooler than its competitors
posted by Paul K. / Aug 13, 2015, 11:08 AM
Should you be excited about Samsung Pay? Well, if you happen to use your credit and debit cards a bit too often and own one of Samsung's hottest devices from 2015 (Galaxy S6 / S6 edge / S6 edge+ / Note5) then yes, you most probably should.
See, Apple's and Google's mobile payment systems rely only on NFC, but a lot of POS devices are still lacking the proper tech to work with them. So, not being aware whether your mobile payment attempt will be accepted wherever you go kind of defeats the purpose of the whole "leave your wallet at home" concept that these services are advertising.
Samsung Pay, however, utilizes both an NFC chip, and MST (Magnetic Secure Transmission) tech, which means that it will work with a lot of the older devices. Basically – if a magnetic card goes though the POS, it's almost certain that your Samsung phone will be able to talk to it, too. Now, the bad news here is that, since older Sammy smartphones don't support MST, Samsung Pay may not be available to them at all – or if it is, it may be just as limited as its competitors.
Activating the process is extremely quick and easy, too – from any screen (or even at screen-off), swipe up from the very bottom of your screen. You will quickly be greeted by Samsung Pay, ready to make a payment with the last registered card that you used. Swiping left or right switches between your cards. Choose the one you wish to pay with and authorize by placing a registered finger on the touch-type biometric scanner – done. You don't even need to worry about the receit, as you will get a digital copy of it in the Samsung Pay app.
So, this all sounds pretty impressive, and we can't wait to test it out in real life. Do you plan on ditching your wallet for Samsung Pay?
Posts: 115; Member since: Aug 16, 2012
This is game changing. On the same level as Apple Pay...
posted on Aug 13, 2015, 11:35 AM 0
Posts: 7; Member since: Jan 21, 2015
Apple Pay wasn't game changing at all. Google Wallet maybe. This is a step above. You don't need that nfc reader you can just use the normal mag strip card reader almost every store has.
posted on Aug 13, 2015, 12:45 PM 5
Posts: 1612; Member since: Jan 16, 2012
The us is the last country to ditch that archaic standard which is easy to hack, and here is Samsung supporting it. You do know the rest of the world already migrated to NFC/chip cards and that next month, businesses who still use strip readers are liable for cc fraud, right?
posted on Aug 13, 2015, 1:06 PM 0
Posts: 2454; Member since: Apr 23, 2015
It wasnt dead when 20mil of people were using it before they shut it down for android pay. With android pay things will different i think. Are you somehow trying to say that google wallet wasnt working and that apple pay is better than google wallet? lol
posted on Aug 14, 2015, 3:51 AM 0
Posts: 711; Member since: Feb 03, 2015
When google wallet was first launch their first partner was Citi Mastercard and since then, Google Wallet had barely made any progress, And was still limited to the US. google wallet stalled and progress halted.
posted on Aug 15, 2015, 6:46 PM 0
Posts: 127; Member since: Dec 22, 2010
"You don't even need to worry about the receit" - Who the hell is the copy editor here? Receipt is the way it is spelled.
posted on Aug 13, 2015, 11:40 AM 1
Posts: 5; Member since: Jun 04, 2015
It won't let you ditch your wallet yet. It should be noted that this will almost certainly NOT work with gas pumps (assuming you pay outside) because they are physically triggered when you insert a card. Also the way you have to insert it (similar to an ATM) I'm assuming would make it very difficult for said magnet transmission to work. On that note, I'm way excited because I'd be able to use it just about anywhere else. Any idea how to get involved with the beta testing? That's supposed to begin in Aug 24th in the US.
posted on Aug 13, 2015, 12:48 PM 1
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