Samsung Pay Expands with Addition of Wells Fargo - business Wire (press free up)

ny--(company WIRE)--Samsung Electronics Co., Ltd. announced that, beginning today, Samsung Pay—the most generally approved cell charge equipment—will now assist eligible Wells Fargo credit score and debit playing cards. With the addition of Wells Fargo, Samsung Pay now helps eligible credit and debit playing cards from 70 banks and credit score unions, masking over 70 percent of the U.S. credit and debit card market.

"i'm delighted to have Wells Fargo on board with Samsung Pay and that our users can now appreciate extra selections in debit and credit playing cards," said Injong Rhee, Head of R&D, software and features, Samsung Electronics cellular Division. "Samsung Pay is gaining its momentum in client adoption, and we will continue to extend the list of issuers. I appear ahead to offering many compelling cell payment capabilities to our joint customers in conjunction with Wells Fargo."

"we're blissful nowadays to announce that Samsung Pay is available for Wells Fargo purchasers," pointed out Jim Smith, head of virtual Channels for Wells Fargo. "improvements like Samsung Pay extra our dedication to giving our purchasers the capability to make payments anytime and anywhere, together with from a cell wallet."

Samsung Pay introduced final week that about five million registered clients processed over 500 million greenbacks within the first six months, displaying a strong adoption price in South Korea and the U.S.* This also demonstrates the increasing use of Samsung Pay for its convenience, flexibility and protection.

Samsung Pay supports all main fee networks and many of the nation's most important banks. It continues to expand its partnership ecosystem. click on right here for the entire listing of monetary partners that support Samsung Pay.

standard: To make a charge on Samsung Pay, clients can simply swipe up, scan their fingerprint and pay.

safe: Samsung Pay uses tokenization, Samsung KNOX, and fingerprint authentication to deliver comfy funds. And, as terminals are upgraded to EMV, that security is leveraged, too.

practically anyplace**: Samsung Pay is suitable with the vast majority of existing and new terminals, together with most magnetic stripe, EMV and NFC terminals. That potential Samsung Pay works at more locations than every other cellular price provider.

About Samsung Pay

Samsung Pay, a cellular payment service from Samsung Electronics, is fundamental, safe and attainable nearly any place that you would be able to swipe or faucet your card. Combining NFC with Samsung's proprietary MST technologies, Samsung Pay provides patrons a means to pay at thousands and thousands of service provider places. Samsung continues to strategically expand its partnership ecosystem for Samsung Pay to supply improved flexibility, entry, and selection for valued clientele whereas enabling a simple and protected price experience.

*Samsung Pay launched in August 2015 in South Korea and in September 2015 in the U.S. market.

**Samsung Pay is suitable with choose playing cards, Samsung instruments, and main instant providers. discuss with www.samsung.com/pay to be trained extra. Some card reader terminals might also require software updates to be suitable with Samsung Pay.

About Samsung Electronics the us, Inc.

Headquartered in Ridgefield Park, NJ, Samsung Electronics america, Inc. (SEA), is a identified innovation chief in customer electronics design and technology. a unconditionally owned subsidiary of Samsung Electronics Co., Ltd., SEA supplies a vast latitude of digital client electronics, IT and residential equipment items. Samsung is the market chief for HDTVs in the U.S. and one in all the us's quickest starting to be home equipment brands. To find extra of the award-successful products you love with Samsung, please consult with www.samsung.com and for the newest Samsung news, please visit information.samsung.com/us and follow on Twitter @SamsungNewsUS.

About Samsung Electronics Co., Ltd.

Samsung Electronics Co., Ltd. inspires the realm and shapes the long run with transformative concepts and technologies that redefine the worlds of TVs, smartphones, wearable contraptions, pills, cameras, digital home equipment, printers, clinical gadget, community techniques, and semiconductor and LED options. we're also main in the web of issues house with the open platform SmartThings, our extensive latitude of wise contraptions, and through proactive pass-trade collaboration. We employ 319,000 individuals throughout eighty four international locations with annual sales of US $196 billion. To discover more, and for the newest information, characteristic articles and press material, please visit the Samsung Newsroom at information.samsung.com.

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