Bank Innovation

AUGUST 22, 2018

As it makes its way to South Africa and continues to amass impressive partnerships with the likes of Alipay and PayPal, Samsung Pay might have completed three years in the mobile payments market, but its numbers still lag its main rival, Apple Pay. Samsung revealed yesterday that it had completed 1.3

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PYMNTS

MARCH 20, 2019

Samsung, the South Korean consumer electronics giant, announced Thursday (March 20) a partnership with Prepaid Financial Services (PFS) to launch Samsung Pay for its branded cards. In a press release , Samsung said cardholders on specific programs issued and managed by PFS in the U.K. can now enable Samsung Pay.

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PYMNTS

AUGUST 10, 2016

Samsung is out on Tuesday (Aug. 9) denying that Samsung Pay can be hacked after a security researcher demonstrated how it can be done at a recent Black Hat conference. It is important to note that Samsung Pay does not use the algorithm claimed in the Black Hat presentation to encrypt payment credentials or generate cryptograms.

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PYMNTS

JUNE 6, 2016

Samsung Pay has officially launched in Spain, bringing the mobile wallet into its first European country. Samsung Pay is the first mobile payment service of its kind to be launched in Spain, giving it a head start in the market over Apple Pay and Android Pay.

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PYMNTS

APRIL 19, 2016

Samsung Pay has bulked up its bank and financial institution list again — this time with two more major banks. Now, Samsung Pay has support from 130 banks and credit unions, which means that Samsung Pay covers 75 percent of the U.S. debit and credit card market. Using it, in this case, is not a one-shot deal.

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PYMNTS

SEPTEMBER 12, 2016

Samsung Galaxy Note 7 users will have to do without their phones for a while unless they want to risk a handset exploding in their back pocket — or worse, next to their ear. It’s also poor timing because the news coincides with Apple’s iPhone 7 and iPhone 7 Plus launch and is bound to cause some Samsung users to jump ship.

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PYMNTS

JUNE 1, 2016

Samsung Electronics Singapore announced on Monday (May 30) that it has entered into a partnership with Citibank Singapore Limited in preparation for its mobile payment service’s upcoming launch in the country. Though that will make just four countries under the Samsung Pay umbrella — along with South Korea, the U.S.

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PYMNTS

MARCH 29, 2016

Apple Pay’s competition in China just got a bit steeper, as Samsung has officially rolled out Samsung Pay in the region. Samsung announced the launch of its mobile payments service that is now available through a deal with China UnionPay — the same method Apple used to bring its mobile payments option into market.

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PYMNTS

NOVEMBER 15, 2017

For the first birthday of Samsung Rewards , the Korean tech giant isn’t expecting to get any presents. 16 through the end of December, building on the success of one of Samsung Rewards’ most popular redemption options: the Vegas-style roulette. The program has several million active users in seven global markets: the U.S.,

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PYMNTS

MAY 17, 2017

Samsung Electronic launched its contactless mobile payment service Samsung Pay in the U.K. can make digital payments via Samsung’s Galaxy S line of smartphones to purchases goods and transportation by tapping their mobile phones on contactless payment terminals. paving the way for Android Pay and Apple Pay to grab market share.

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PYMNTS

NOVEMBER 9, 2017

NCR and Samsung Electronics America announced news on Wednesday (Nov. 8) of the launch of NCR Silver Quantum, an all-in-one point-of-sale (POS) station featuring an integrated payment device that comes equipped with mobile wallet acceptance capability, customer display, a loyalty scanner and a Samsung Galaxy tablet.

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PYMNTS

NOVEMBER 30, 2018

Expense management company DiviPay is rolling out what it says is Australia’s first Mastercard virtual commercial card for corporate payers, and the first solution in the country that combines payments with expense management automation. “Corporate card programs are costly, slow to set up and have stringent credit requirements.

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PYMNTS

MARCH 25, 2019

And this isn’t a small or niche subset of consumers – according to the latest edition of the Digital Consumer Report , a PYMNTS/ Samsung Pay collaboration, 58 percent of consumers reported engaging in contextual commerce. They want to add a card once, and if they lose it, they want to update it once.

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PYMNTS

APRIL 5, 2017

Mastercard announced Tuesday (April 4) that Mastercard cardholders from select banks in the United Arab Emirates (UAE) will now be able use the Samsung Pay service to make payments in a quick and secure way. Mastercard said it has been actively driving contactless payments in the market.

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PYMNTS

JANUARY 2, 2019

While commercial card innovation certainly accelerated in 2018, progress can always continue. Morgan Managing Director and Head of Commercial Card Product Management Naney Pandit says should be a focus this year is in mobilizing the corporate card. One area of development that J.P. Following The Consumer Trend.

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PYMNTS

SEPTEMBER 28, 2016

Samsung said on Tuesday (Sept. 27) that its one anniversary of Samsung Pay in the United States has brought some new features to the payments platform. The coupons, linked to a membership account, are automatically applied upon checkout using Samsung Pay. formerly Coupons.com), which has a platform for digital promotions.

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PYMNTS

MARCH 9, 2017

Yesterday (March 8), Samsung Pay went live and online in India, a push done in collaboration with five Indian banks: Axis, HDFC, ICICI, SBI, and Standard Chartered, and credit and debit cards from MasterCard and Visa. Most interestingly, however, is the non-traditional player that is supported by Samsung’s mobile payment entry — Paytm.

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PYMNTS

SEPTEMBER 26, 2016

But we will know how Square is raising the in-store payments game for SMBs, how Samsung is changing the topic and how Google is (finally) proudly welcoming Gmail to the year 2010 with mobile upgrades. Card-on-file comes to the physical store. No card, no phone, no swipe, dip or tap. Samsung Goes Retinal. Will it work?

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PYMNTS

MAY 5, 2016

Samsung is making its move on grocery, though not in quite the same way other competitors in the field are. After a few months of speculation, Samsung’s Family Hub connected fridge is officially on the market — and apparently ready to streamline the average grocery acquisition process. issued credit and debit cards.

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NCR

MAY 25, 2017

Samsung has boosted competition in the UK mobile payments market, with Samsung Pay finally arriving in the country this month, almost two years after the launch of Apple Pay and a year after Android Pay’s rollout. The post Samsung Pay makes UK market debut appeared first on Banking.com.

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PYMNTS

FEBRUARY 9, 2017

Samsung’s global march added another stopping point this week, as Thailand became the latest nation to come online for Samsung Pay. That announcement comes as most of the global payments-watching community was watching Samsung Pay’s imminent foray into India. Samsung Pay In Thailand. merchants to 36 percent of U.S.

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Bussman Advisory

OCTOBER 7, 2023

Source Samsung’s IoT-Trackable Credit Card: Samsung unveils revolutionary card that can be physically tracked Samsung has unveiled a unique credit card in South Korea that can be tracked using its SmartThings Find service. Tokenizing funds can enhance liquidity and market access.

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PYMNTS

MAY 31, 2017

Card processor TSYS is looking to heighten the security of mobile corporate payments. The company announced Tuesday (May 30) that it is enabling tokenization across its North American commercial card program, allowing businesses to let their own cardholders pay with a mobile device. To do this across all of our U.S.

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PYMNTS

JANUARY 23, 2019

Next week, shoppers at those 1,800 stores will be able to use contactless cards, as well as contactless mobile payments, via any one of the mobile wallet “Pays” — Apple , Google and Samsung. That is consistent with what we have seen around the world when it comes to contactless card adoption,” Sanford said.

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PYMNTS

OCTOBER 10, 2016

The CFPB dropped its latest set of regulations for prepaid payments cards , to some cheers (for offering clarity on fees) and some jeers (for thinking that prepaid cards are credit products and require underwriting for $25, 24-hour overdrafts). Speaking of going wrong… More Phones On Fire For Samsung.

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PYMNTS

AUGUST 4, 2016

Meanwhile, Samsung is tackling the African market ahead of Apple and Android, and Google announces a way to avoid app downloads. Riders with NFC-enabled mobile phones will be able to download the EASY Card, and for those without NFC-enabled phones, the app will provide a display-generated ticket and one with a bar code.

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PYMNTS

JANUARY 12, 2020

12), as Samsung has unveiled its Galaxy XCover Pro, an enterprise-grade smartphone that comes pre-installed with Visa’s Tap to Phone app. The partnership with Samsung is the first time the Tap to Phone software has been integrated into a device. The mPOS landscape got more interesting today (Jan.

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Payments Source

MARCH 2, 2016

Samsung Pay now supports cards issued by Wells Fargo, giving it compatibility with 70% of the U.S. credit and debit card market.

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PYMNTS

AUGUST 6, 2020

In its announcement, Bottomline highlighted the enhanced payer experience, as well as the ability to reduce card fees for recipients, as key benefits of the solution. Morgan Enhances Virtual Cards Via Marqeta. ’s Faster Payments real-time payments system. Plaid, Galileo Boost ACH Efficiency. Tyfone Connects FIs To Payrailz.

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PYMNTS

NOVEMBER 14, 2017

14), Samsung, Inc. revealed its loyalty rewards program, Samsung Rewards, has achieved above-projected growth. We created Samsung Rewards to give back to consumers who use Samsung services, such as Samsung Pay, Ask an Expert on Samsung Health, Samsung Internet and Bixby,” Samsung said in the news release.

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PYMNTS

JULY 15, 2020

The news comes as Samsung Electronics America, Inc. unveiled a new mobile-focused money management experience named Samsung Money by SoFi to assist users in handling their everyday finances per news in May. The virtual card will instantaneously show up in Samsung Pay at the time of approval.

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PYMNTS

OCTOBER 11, 2018

In addition, SmartPesa is rolling out an Android point-of-sale (POS) system, and South Africa’s Mugg & Bean (M&B) is launching support for Samsung Pay. Vipps, which offers the BankAxept national payment system, is owned by banks in Norway, and processes eight out of 10 card purchases made in stores in the country.

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PYMNTS

DECEMBER 1, 2017

Today, the conventional wisdom – as expressed by luminary tech names like Google, Apple, Samsung and Facebook – is that some types of data are in fact better stored locally than in the digital ether. “Those cards are able to train things a lot faster. The Digital Market. And to thank for this innovative advance?

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PYMNTS

APRIL 7, 2017

Big Tech Battle of Market Caps : Amazon’s market cap has hit a significant milestone. With a new high of $900 a share, the company’s recent market cap stood at more than $430 billion. That’s nearly twice the market cap of Walmart and has three times the revenue of that stalwart eCommerce player. The lesson here?

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PYMNTS

APRIL 5, 2019

That could be the emerging story when it comes to smartphones and cryptocurrencies, given Samsung’s recent entry in this area of digital payments. South Korea-based Samsung has indicated it wants to add more cryptocurrency support to that mobile device as well. Bad Year for Bitcoin.

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PYMNTS

JANUARY 23, 2019

The funds can then be uploaded to a mobile wallet, including Apple Pay, Samsung Pay and Google Pay. Swift Prepaid is also supporting Bitty’s ability to provide immediate access to cash advances that are uploaded to business debit cards.

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PYMNTS

APRIL 15, 2016

We also learned that Canadians love some prepaid cards, and Samsung is not above offering monetary incentives to get people using Samsung Pay. . dollar value of the Canadian Open Loop Prepaid card market. 30 : The amount Samsung is paying customers to try Samsung Pay three times before May 10. .

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