PYMNTS

OCTOBER 3, 2019

To offer a new way to shop and spend, the new virtual Samsung Pay Cash account is letting users add money and shop online as well in stores with the Samsung Pay app. Shopping is fun, and Samsung Pay Cash is one way we can help empower people to be knowledgeable about where their money is going.”. Ahn said in the announcement.

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PYMNTS

JUNE 19, 2020

Samsung Electronics ‘ new Galaxy A71 5G smartphone hit U.S. Without a trade-in, the phone is priced at $599 at AT&T (for pre-order), T-Mobile, Sprint and Samsung’s retail website. Verizon will offer the phone later this summer, according to a Samsung news release.

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Payments Dive

NOVEMBER 8, 2016

Mobile Payments Today recently spoke with Samsung about everything Samsung Pay.

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PYMNTS

JULY 14, 2019

Samsung has reached an agreement with an online marketplace for financial products in India that will allow consumers to apply for credit cards and loans through the Samsung Pay app. Paisabazaar will not be integrated with Samsung Pay outside of India.

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PYMNTS

NOVEMBER 20, 2020

Wearable device sales have shot up at least 30 percent this year as consumers looked to technology to help them monitor their health during the ongoing global pandemic, according to a top Samsung executive. Samsung will continue to invest in these advanced technologies.”. Samsung will face strong competition from Apple.

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PYMNTS

JULY 29, 2020

Samsung Electronics Co. It is the latest effort by Google to convince Samsung to lose one of its services and instead promote Google’s search, Assistant and Play Store apps, a source told the news service. Samsung has maintained its independence and consistently made efforts to promote its own apps and collect all the cash.

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Bank Innovation

OCTOBER 4, 2019

In an effort to grow adoption, Samsung Pay is rolling out international money transfers to accounts in 47 countries, the company said this week. Called Samsung Pay Cash, the capability lets customers send money via direct deposit or arrangements to pick up funds in person.

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PYMNTS

MAY 27, 2020

To help users manage everyday finances, Samsung Electronics America, Inc. has announced a new mobile-focused money management experience called Samsung Money by SoFi. Users can decide to open an individual or joint cash management account with Samsung Money by SoFi.

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PYMNTS

NOVEMBER 1, 2018

can now accept Samsung Pay for in-app payments. In a press release , Braintree said support for Samsung Pay was driven by focusing on what will drive the future of commerce and help merchants. could use PayPal within Samsung Pay at millions of retailers. By allowing U.S. billion transactions globally.

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PYMNTS

JANUARY 20, 2020

Samsung is reorganizing its executive suite following a drop in earnings and the retrial of former leader and Samsung heir Lee Jae-yong, known professionally as Jay Y. Samsung makes more computer chips, displays and phones than any other company worldwide, but has seen its earnings drop for the past five quarters.

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CFPB Monitor

NOVEMBER 16, 2023

We previously blogged about an Illinois federal district court order requiring Samsung to pay about $4 million in arbitration fees in connection with 35,000 individual arbitration demands filed as part of a “mass arbitration.”

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PYMNTS

APRIL 12, 2018

On Thursday (April 12), Samsung Pay , the digital payment unit of Samsung Electronics, debuted Samsung Rewards, which gives users reward points every time they use the Samsung Pay mobile payment service to make purchases. BGR noted that in India, Samsung Rewards works both with Samsung Pay and Samsung Pay Mini.

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PYMNTS

JANUARY 13, 2020

Samsung Electronics is acquiring network services provider TeleWorld Solutions (TWS) to build out the next generation of wireless, TechCrunch reported Monday (Jan. Samsung will continue to drive innovation in communications technology while providing optimization services for network deployments that accelerate U.S.

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PYMNTS

FEBRUARY 21, 2020

Vietnam’s supply chain is suffering from the impact of the coronavirus epidemic, which could stall production of the latest Samsung smartphones, the Ministry of Industry and Trade told Reuters on Friday (Feb. Samsung said it was “making our best effort to minimize impact on our operations.”. months, we will run out of inventory.

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Bank Innovation

AUGUST 16, 2017

Mobile and electronics company, Samsung and Bank of America will start working with a focus group over the next six months, as they pilot the iris authentication scan that will allow customers to log into their bank accounts on their mobiles by taking a picture of their eye. The focus group consists of 1, 5000 […].

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PYMNTS

MARCH 6, 2020

Samsung has activated two-factor authentication after a data leak showed strangers’ private information, according to reports. Samsung hasn’t officially said that the data leak is the reason for the security. Samsung hasn’t officially said that the data leak is the reason for the security.

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CFPB Monitor

SEPTEMBER 15, 2023

Alleging violations of the Illinois Biometric Information Privacy Act (BIPA), approximately 50,000 Samsung customers filed individual arbitration demands with the American Arbitration Association (AAA) pursuant to an arbitration clause in Samsung’s customer agreement.

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Bank Innovation

MAY 18, 2016

MasterCard several days ago quietly released its iOS app to support a partnership with Samsung it announced last January. The new Groceries by MasterCard app connects to Samsung’s Family Hub Refrigerator for “standing Read More.

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The Paypers

OCTOBER 14, 2024

Alchemy Pay , a cryptocurrency payment provider, has announced an update to its virtual card service, integrating Samsung Pay.

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PYMNTS

MARCH 12, 2020

Mastercard is partnering with Samsung to bring digital technology to emerging markets and accelerate connectivity and smart devices, Mastercard said on Thursday (March 12). Mastercard Labs created the platform, which will be rolled out to the Samsung Knox team in the Middle East and Africa early this year.

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PYMNTS

APRIL 25, 2019

A report has revealed that Samsung is planning to develop its own proprietary blockchain network, as well as launch its own cryptocurrency token. The source also revealed that the company is planning to launch its own “Samsung Coin” in the future. The news comes as Samsung just invested 2.6 million euro (around $2.9

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PYMNTS

DECEMBER 9, 2019

A South Korean court slapped three Samsung Electronics executives with jail sentences Monday (Dec. Prosecutors said computers and servers from Samsung Biologics , a contract drug manufacturer, were buried beneath factory floors to conceal evidence. A Samsung Electronics vice president was sentenced to two years behind bars. “The

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The Paypers

AUGUST 12, 2024

Arab Financial Services (AFS) has partnered with Samsung Gulf Electronics to introduce Samsung Pay in Oman and drive digital payments.

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PYMNTS

JANUARY 9, 2020

A New Year’s Eve ransomware attack on Travelex continued to affect global businesses and customers today, including multiple Samsung Pay users, according to reports. A company representative confirmed that Samsung Pay’s international transactions have halted as technicians continue their efforts to resolve the issue.

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Bank Innovation

SEPTEMBER 15, 2017

Samsung says, no. Rather, financial professionals should focus on the mobile phone, which is why Samsung is taking a mobile-first approach to its solutions for finance. EXCLUSIVE—Do bank employees, Wall Street traders, or other financial professionals really need a desktop computer anymore?

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PYMNTS

JUNE 1, 2020

Samsung ‘s Galaxy S20 model, sitting at around a $1,000 starting price, will now be bundled with Microsoft 365 and other features at a bargain to offset the cost, according to an Engadget report. Samsung production in the first quarter dropped 10 percent to 65.3 The monthly payments have been done before. million units.

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PYMNTS

JUNE 10, 2020

Credorax , the smart payments provider and FinTech, has announced a partnership with Samsung to develop blockchain technology to offer open banking services, according to a press release. The effect will be to eliminate the need for manual tasks for those functions.

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PYMNTS

APRIL 23, 2018

Sang Ahn, VP and general manager of Samsung Pay U.S. Samsung Pay Inc. tells PYMNTS that this is Samsung Pay’s vision — not only with its own mobile wallet (which uses both NFC and backward-compatible MST technologies), but also with strategic partners as it unlocks these omnichannel opportunities.

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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

JANUARY 30, 2020

A day after rivals in Cupertino posted revenue and earnings results at an all-time high, the team at Samsung had something less of a victory march when it reported its fourth quarter earnings. The good news for 2019 was that it was better than 2018, when Samsung saw its operating profit take a 52 percent hit. trillion won ($50.6

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PYMNTS

OCTOBER 29, 2019

Samsung announced a partnership with Lyft on Tuesday (Oct. The partnership marks the first expansion of Samsung Rewards beyond the Galaxy ecosystem,” Samsung said in a press release , “and is just the beginning of what we have in store.”. For every dollar spent on Lyft, a user will get one Samsung Rewards point.

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PYMNTS

JULY 31, 2019

Smartphone shipments for Samsung increased in the second quarter of 2019, the company said in its latest earnings report , thanks to retail sales of its mid-level models. In the three months that ended March, Samsung’s profits fell about 60 percent on-year to 6.2 can now accept Samsung Pay for in-app payments. and Korea.”.

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PYMNTS

JULY 2, 2019

Samsung has shut down its India-specific, AI-powered app called Samsung Mall, according to a report. India is a big market for Samsung, and its research and development team is based there. The Samsung Mall app was created to help shoppers find things they wanted to buy and then direct them to a site where they could do so.

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Bank Innovation

MAY 20, 2016

Samsung Pay may not be available in the United Kingdom yet, but it’s rapidly expanding its reach in China in a March deal with UnionPay, the world’s largest credit card network, and now through a new deal with Alipay. Take that, Apple. The Seoul-based electronics company announced the deal today. Alipay’s 450 Read More.

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Payments Dive

JANUARY 5, 2017

Samsung Pay will play a small role in that transition. The company said that the IoT will guide its overall strategy going forward.

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PYMNTS

FEBRUARY 10, 2020

In an Academy Awards TV advertisement that hinted at the features of the new device, Samsung unveiled its new foldable phone. In other news, a myriad of videos, screenshots and images of Samsung’s Galaxy Home Mini have made its way to the internet, according to The Verge. 12, which is one day after the rollout of the Galaxy S20.

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PYMNTS

JULY 1, 2019

Samsung is introducing a marketplace for Bixby, the company’s voice assistant, despite its relatively unknown name when stacked against the likes of Alexa, Siri and Cortana. . In other Samsung news , earlier this year it collaborated with Mastercard to research and develop ways for people to verify their digital identity on mobile devices.

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