Samsung Pay works in more places than Apple Pay and Android Pay thanks to its magnetic stripe support, but that doesn't mean it can handle every card. Samsung and your bank must cooperate before you can store your debit or credit card on your phone. Otherwise, you're left tapping your smartphone against the card reader for no reason.
To reduce the likelihood of such shenanigans, two more banks have made the list. If you do your banking with TD Bank or Regions Bank, you can now add eligible cards to Samsung Pay.
TD Bank customers can also use Android Pay as of December.
Following this addition, Samsung's mobile payments option works with over 130 banks and credit unions.
Samsung Pay Adds TD Bank and Regions Bank, Rapidly Expanding Financial Partners
With Support from 130 Banks and Credit Unions, Samsung Pay Now Represents over 75% of the US Debit and Credit Card Market
NEW YORK – April 18, 2016 – Samsung Electronics Co., Ltd. announced today that Samsung Pay, the most widely accepted mobile payment system, will soon support eligible credit and debit cards from TD Bank and Regions Bank, in addition to 60 Visa and MasterCard banks and credit unions launched since early March 2016.
With the addition of these banks, Samsung Pay continues to grow momentum in the United States—supporting eligible credit and debit cards from more than 130 banks and credit unions, representing over 75% of the US credit and debit card market.
Samsung Pay supports all major payment networks and many of the country’s major banks, and it continues to expand its partnership ecosystem. Click here for the full list of financial partners that support Samsung Pay.
- 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*. That means Samsung Pay works at more places than any other mobile payment service.