News stories featuring Samsung:
April 28th, 2016
Samsung Pay has enabled ATM withdrawals for customers of Woori Bank in South Korea, the company confirmed at the Samsung Developer Conference 2016. “Samsung said it hasn’t yet announced the feature for other markets,” CNET reports. “Samsung also added support in South Korea for gift cards and for membership cards.” Plans to enable Samsung Pay at Woori Bank ATMs were first unveiled in September 2015.
April 27th, 2016
American Express is gearing up to support the launch of Samsung Pay in Australia “very soon”, American Express Australia’s director of digital commerce Rob Bourne has revealed. “We’re not done with just Apple Pay,” ZDNet reported Bourne as saying at the ADMA Data Day in Sydney. “Our view is very simple — we want to give our customers the choice of how they want to pay.”
April 20th, 2016
Samsung Pay has teamed up with global point of sale providers Verifone, Ingenico, First Data and Clover, PAX Technology, Equinox, ID Tech, MagTek, USA ePay and OTI Global to accelerate the adoption of the mobile payment service. “The announced partnerships will help systematically test and validate the different POS systems in the field to ensure maximum compatibility and universal acceptance for Samsung Pay,” the company says.
April 20th, 2016
Samsung Pay will launch in Singapore in the second quarter of this year, the company has announced, adding it to South Korea, the US and China on the list of Samsung’s “priority markets”. The service will launch…
April 19th, 2016
Samsung Pay will soon support eligible credit and debit cards from TD Bank and Regions Bank, taking the total number of supporting banks and credit unions in the US to 130 — more than 75% of the country’s credit and debit card market. “Samsung Pay supports all major payment networks and many of the country’s major banks, and it continues to expand its partnership ecosystem,” Samsung says.
April 5th, 2016
Samsung is developing new biometric sensors for mobile phones with the aim of adding additional security to Samsung Pay. “Right now, we use fingerprint,” Samsung Pay’s Elle Kim told delegates at Money20/20 Europe. “As we speak, engineers at Samsung are developing the next generation of biometric sensors so that our phones and Samsung Pay can be even more secure.”
March 29th, 2016
Samsung Pay has begun rolling out across China, letting consumers make mobile payments with a compatible device “virtually anywhere you can swipe or tap your card” using their China UnionPay debit and credit cards.
March 22nd, 2016
Handset maker Huawei has partnered with bank card association China UnionPay for the roll out of Huawei Pay, an NFC-based mobile payment service that makes use of tokenization technology and is expected to be available on a wide range of Huawei handsets.
March 21st, 2016
Consumers will spend more than US$3.6trn using online, mobile and contactless payments services this year, up 20% from US$3trn in 2015, according to Juniper Research. “While cards will account for 90% of contactless payments over the next five years, the deployment of NFC payments by high-profile players such as Apple and Samsung would increase consumer awareness and usage of smartphones to fulfil transactions,” the firm says.
March 18th, 2016
Luxury watchmaker Swatch will focus its smartwatch activities on its plastic Swatch brand before considering the technology for its pricier models. “Making progress in the smartwatch market is crucial for Swatch, which is seen as the most vulnerable of the Swiss watchmakers to inroads by the Apple Watch and similar watches produced by Samsung Electronics and others,” The Wall Street Journal reports. The company launched its first NFC payments watch, the Swatch Bellamy, in China in October 2015.
March 14th, 2016
US consumers who make their first purchase using Samsung Pay on a Galaxy S7 or S7 Edge device this month are being offered a gift card worth US$30 from one of five selected Samsung Pay merchants — Best Buy, eBay, Whole Foods, Nike or Regal Cinema.
March 11th, 2016
Verizon has confirmed that its Samsung Galaxy S7 and Galaxy S7 Edge devices will come equipped with Samsung Pay, despite reports earlier this week that the mobile network operator had disabled support for the mobile payments service. “Samsung Pay is undergoing testing and will be available on schedule for our 3/11 launch of Galaxy S7 and Galaxy S7 Edge,” Verizon’s Jeffrey Nelson says in a tweet.
March 10th, 2016
More than 100m people around the world will use an NFC handset to make a purchase this year, according to a new report from Strategy Analytics, and the value of transactions conducted via NFC handsets will grow from US$30bn in 2016 to US$240bn in 2021.
March 9th, 2016
Customers of People’s United Bank in the US can now add their debit cards to Samsung Pay. “Samsung Pay’s wide acceptance and security are a perfect fit for the chip-enabled People’s United MasterCard debit card, which also includes a cash back Prewards program, identity theft alerts and price protection for qualifying purchases,” says the bank’s Ted Josephson.
March 9th, 2016
US mobile network operator Verizon is shipping the Samsung Galaxy S7 and S7 Edge without support for Samsung Pay, according to an Android Police report. “There is some suggestion that the Samsung Pay app will become downloadable via the Play Store and/or Galaxy Apps on March 11,” the publication says. Verizon agreed to support Samsung Pay in October 2015.
March 8th, 2016
Samsung Pay has recorded a net loss of US$16.8m since the mobile payment service was unveiled in March 2015, despite attracting approximately five million users in South Korea and the US in its first six months….
March 7th, 2016
Samsung Pay users in South Korea will soon be able to both deposit and withdraw money from the ATMs of Woori Bank, Shinhan Bank, KB Kookmin Bank, Industrial Bank of Korea and NH Nonghyup Bank. “Samsung Pay will support depositing money into ATMs in South Korea when sales for the Galaxy S7 and S7 Edge begin March 11,” ZDNet reports. “The South Korean tech giant declined to comment on the global availability of the new features.” Woori Bank added Samsung Pay to its ATMs in September 2015.
March 4th, 2016
Nearly half of US point of sale merchants (44%) are using or have requested information about mobile wallet solutions and 67% of those wanted Apple Pay, an investor note by Piper Jaffray analyst Gene Munster reported by Barron’s reveals. “That figure dwarfs the 18% that requested Android Pay/Google Wallet, 8% for PayPal and 7% for Samsung Pay,” the report adds.
March 4th, 2016
Apple Pay has attracted 12m monthly users globally since its launch in October 2014, while Google’s Android Pay has attracted 5m monthly users since becoming available in September 2015 and Samsung Pay has also attracted 5m monthly users, according to research by Crone Consulting which has been reported by Bloomberg. Those numbers equate to some 6% of consumers able to make use of Apple Pay, the company estimates, compared to 4% for Samsung Pay and 1% for Android Pay.
March 3rd, 2016
Samsung Pay now includes support for Wells Fargo credit and debit cards, resulting in the mobile payment service supporting cards from 70 banks and credit unions covering more than 70% of the US credit and debit card market. Samsung Pay announced last week that approximately 5m registered users in the US and South Korea have used the service to make purchases valued at more than US$500m in the first six months since its launch.
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