NFC payments are quick, easy, and less germy than swiping a card — but they aren't as widespread as one might think. Samsung uses magnetic secure transmission (MST) technology to make Samsung Pay available at almost any payment terminal around the world, even if the merchant doesn't support NFC platforms like Google Pay or Apple Pay. Now the people behind that tech are back with a new product that promises to simplify the payment process for everyone.
Samsung Pay is rolling out in Germany, but with one major twist: Rather than relying on bank-by-bank support, which can take ages, the company is simply partnering directly with Visa and a fintech company named Solarisbank AG to roll it out for everyone at once. In short, that means basically anyone in Germany can set up Samsung Pay without their bank having to support it first.
We are quite used to tech companies handling our money through apps like Google Pay and Samsung Pay. But what about having your phone maker issue you a credit card?It sounded a bit much when Apple came out with its own, but apparently the Apple Card was enticing enough for Samsung to follow suit and announce its own version a couple of months back. As the company promised back then, the Samsung Money-branded debit card is now landing in the US, offering users quite a few perks and usage benefits.
Following in Apple's footsteps, Samsung recently announced that it wants to introduce its own debit card. Today, the company has finally shared more information on that enterprise, calling it Samsung Money by SoFi as it's backed by said institution (which notably isn't a bank, as it states itself). The account-fee-free service is slated to launch "later this summer" in the US and will offer higher-than-average interest rates and rewards for saving money.
This story was originally published and last updated .
If you're less than excited to whip out our credit cards or touch a PIN pad at the store, you're not alone: contactless payments are on the rise in America, especially right now. You might have heard about one or both of the major contactless payment providers on Android, Google Pay and Samsung Pay, but you might be familiar with what makes each distinct. While both do offer the same basic tap-to-pay NFC functionality, there are some differences in their ease of use, support for alternate contactless payment standards, and in the apps themselves. Here's how to figure out which one is best for you.
There's a lot to like about mobile NFC payments. They can prevent identity theft by giving stores alias card numbers, they're faster than chip readers, and most importantly right now, you don't have to physically touch the payment terminal. That last bit is probably why contactless payments have jumped 40%, according to financial services company Mastercard.
Samsung Pay is finally getting support for dark mode/theme, based on recent reports. Although it doesn't seem to be rolling out widely just yet, a few folks have spotted the change live on their own devices, which switches the sometimes blinding black-on-white default to a nighttime friendly white-on-almost-black.
Ever since Samsung forsook Wear OS and decided to blaze its own trail with Tizen, the company has been churning out some great smartwatches. The Gear S3 Frontier may be three years old now, but it still remains stylish and performant today as a smart companion for your phone. After fluctuating quite a bit on price lately, it has settled down to $189 at Amazon.