Mobile Commerce

Samsung Pay Adds 19 More Issuers

The roster of financial institutions bringing financial firepower and acceptance to Samsung Pay continues to grow.

In a release on Tuesday (Dec. 15), Samsung said that it added 19 new issuers, which helps expand support for PNC Visa credit and debit cards and also KeyBank MasterCard credit and debit cards. In terms of the roster of new names, the company said that those supported include: TCF Bank, Central Florida Educators Federal Credit Union, Financial Center Federal Credit Union, Greater Kinston Federal Credit Union, Numerica Credit Union, Utah Community Credit Union, Keypoint Credit Union, California Bank and Trust and Pentagon Federal Credit Union, along with Amegy Bank National Association.

In reference to additional MasterCard issuers, the company now supports, in alphabetical order: Achieva Credit Union, Associated Bank, Bayport Credit Union, Bethpage Federal Credit Union, Cambridge Savings Bank, USC Credit Union and Navy Federal Credit Union.

In a statement accompanying the release, Injong Rhee, executive vice president of Samsung Electronics and head of Samsung Pay, said: “More Samsung users will be able to use Samsung Pay to shop this holiday season, thanks to new support from MasterCard and Visa issuers, including our valued partners at PNC Bank and KeyBank. With the widest acceptance of any mobile payment service, Samsung Pay continues to expand its reach and provide its customers unparalleled choice, flexibility and access.” As has been noted by the company since Samsung Pay’s launch earlier this year, the technology in place lets users swipe screens to launch the platform then scan their fingerprint and pay for purchases. Samsung Pay is compatible across magnetic stripe, EMV and also near-field communication terminals, speaking in terms of hardware.

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