Samsung Pay

Samsung Pay

The Galaxy S6 and S6 Edge both support Samsung’s new mobile payments program, called Samsung Pay. It uses technology Samsung acquired through its LoopPay purchase to let you make purchases at any retailer that has a standard credit card swiper. It also works with NFC tap-to-pay systems and is authenticated with the fingerprint sensor in the phone’s home button.

Between the two systems, Samsung says it will be accepted at 90 percent of retailers. Samsung Pay will work with both MasterCard and Visa, as well as American Express, Bank of America, Citi, JPMorgan Chase, and U.S. Bank.

It’s obviously Samsung’s answer to Apple Pay and will be available summer 2015, a few months after the Galaxy S6 and S6 Edge hit store shelves.

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Blossary: Samsung Galaxy S6 and S6 Edge
Industry/Domain: Mobile communications
Category: Mobile phones
Company: Samsung Electronics
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