The FINANCIAL — With the holidays upon us, shoppers are looking to conveniently check off their gifting lists. MasterCard cardholders from New York to California and everywhere in between now have the opportunity to leverage a simple and secure mobile payment option this holiday season as several new banks and credit unions are now live with Samsung Pay.
MasterCard cardholders with a consumer credit or debit card from Achieva Credit Union, Associated Bank, BayPort Credit Union, Bethpage Federal Credit Union, Cambridge Savings Bank, Citizens Equity First Credit Union (CEFCU), KeyBank, Navy Federal Credit Union, Security Services Federal Credit Union, SunTrust, USC Credit Union and Virginia Credit Union now have access to simple and secure everyday payments through Samsung Pay. Samsung device owners can use their MasterCard credit, debit and select prepaid and small business cards from these participating banks and credit unions directly through Samsung Pay, according to MasterCard.
Samsung Pay is available on the latest Samsung devices, including the Galaxy S6 edge+, Galaxy Note5, Galaxy S6 edge, Galaxy S6 and Galaxy S6 active. The payment option works at virtually any merchant terminal in the U.S. Cardholders shopping on the go can use the MasterCard Nearby app which, among many other benefits, can help you locate hundreds of thousands of merchants that accept contactless payments.
The MasterCard Digital Enablement Service (MDES) is making safe and secure payments possible for cardholders who pay via Samsung Pay. MDES is one of the most secure payments technologies in the world. For consumers and merchants alike, this means that every purchase made with a MasterCard using Samsung Pay offers the same enhanced security and benefits of a digital MasterCard transaction including the latest tokenization technology.
Samsung Pay is simple, safe, and works almost anywhere you can swipe or tap your card.
SIMPLE: To make a payment on Samsung Pay, users can simply swipe up, scan their fingerprint and pay.
SAFE: Samsung Pay uses tokenization, Samsung KNOX, and fingerprint authentication to provide secure payments. And, as terminals are upgraded to EMV, that security is leveraged, too.
ALMOST ANYWHERE: Samsung Pay is compatible with the majority of existing and new terminals, including most magnetic stripe, EMV and NFC terminals.
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