Samsung Pay is safe, simple and works almost anywhere you can swipe
or tap your card
COLUMBUS, Ga.–(BUSINESS WIRE)–TSYS (NYSE: TSS) today announced its relationship with Samsung Pay,
which will offer TSYS clients — both issuing banks and acquirers — and
their merchants a simple and safe way to offer and accept mobile
payments using nearly any terminal where you can swipe or tap your card.
Combining Samsung’s pioneering Magnetic Secure Transmission (MST)
technology with Near Field Communication (NFC), Samsung Pay is
compatible with nearly all existing payment terminals where you can
swipe or tap your card, allowing merchants to quickly and easily accept
secure payments from customers using their Samsung phones.
“At a time when more consumers are looking for safe, simple and widely
accepted mobile payment solutions, we’re thrilled to join with Samsung
Pay to bring this groundbreaking technology to life,” said Craig Ludwig,
head of product for TSYS’ Merchant Services segment. “We look forward to
supporting our clients as they offer secure and convenient mobile
payment acceptance for their customers.”
Samsung Pay will be available on the Samsung Galaxy S6, Galaxy S6 edge,
Galaxy S6 edge+ and Galaxy Note5 beginning September 28 in the United
States. Samsung Pay is currently available in Korea, and plans are
already underway for expansion in other countries.
“TSYS is a valued partner to help Samsung bring mobile payment from
every-once-in-a-while to almost anywhere,” said Injong Rhee, EVP of
Samsung Electronics, Global Head of Samsung Pay. “With Samsung Pay,
customers can shop like it’s yesterday and pay like it’s tomorrow. They
can use the only mobile payment option that works almost anywhere you
can swipe or tap your card today.”
To make a payment, consumers launch the Samsung Pay app, authorize their
purchase with a touch of a finger and hold the back of the Samsung
device to a card reader or NFC dongle. TSYS is committed to upholding
security and user data privacy to the highest industry standards.
Samsung Pay uses a digital tokenization instead of payment card
information for every transaction and consent for payment must be
authorized by fingerprint or pin.
At TSYS® (NYSE: TSS), we believe payments should revolve
around people, not the other way around. We call this belief
People-Centered Payments®. By putting people at the center of
every decision we make, TSYS supports financial institutions, businesses
and governments in more than 80 countries. Through NetSpend®,
A TSYS Company, we empower consumers with the convenience, security, and
freedom to be self-banked. TSYS offers issuer services and merchant
payment acceptance for credit, debit, prepaid, healthcare and business
TSYS’ headquarters are located in Columbus, Ga., U.S.A., with local
offices spread across the Americas, EMEA and Asia-Pacific. TSYS is a
member of The Civic 50 and was named one of the 2015 World’s Most
Ethical Companies by Ethisphere magazine. TSYS routinely posts all
important information on its website. For more, please visit us at www.tsys.com.
About Samsung Pay
Samsung Pay is a simple, safe and available almost anywhere you can
swipe or tap your card mobile payment service from Samsung Electronics.
Combining NFC with Samsung’s proprietary MST technologies, Samsung Pay
provides consumers a way to pay nearly anywhere you can swipe or tap a
card at millions of merchant locations worldwide. Samsung continues to
strategically expand its partnership ecosystem for Samsung Pay to
provide greater flexibility, access, and choice for customers while
enabling an easy and safe payment experience. Visit www.samsung.com/pay
to learn more.
*Some card reader terminals may require software updates to be
compatible with Samsung Pay.
About Samsung Electronics America, Inc.
Headquartered in Ridgefield Park, NJ, Samsung Electronics America, Inc.
(SEA), is a recognized innovation leader in consumer electronics design
and technology. A wholly owned subsidiary of Samsung Electronics Co.,
Ltd., SEA delivers a broad range of digital consumer electronics, IT and
home appliance products. Samsung is the market leader for HDTVs in the
U.S. and America’s fastest growing home appliance brands. To discover
more of the award-winning products you love with Samsung, please visit www.samsung.com.
About Samsung Electronics Co., Ltd.
Samsung Electronics Co., Ltd. inspires the world and shapes the future
with transformative ideas and technologies, redefining the worlds of
TVs, smartphones, wearable devices, tablets, cameras, digital
appliances, printers, medical equipment, network systems, and
semiconductor and LED solutions. We are also leading in the Internet of
Things space through, among others, our Smart Home and Digital Health
initiatives. We employ 319,000 people across 84 countries with annual
sales of US $196 billion. To discover more, please visit our official
website at www.samsung.com and
our official blog at global.samsungtomorrow.com.
TSYS Media Relations
Cyle Mims, +1-706-644-3110
Shawn Roberts, +1-706-644-6081
Shruti Sehgal, +1-646-452-5637