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Samsung now supports Chase Banks and SunTrust

November 24
11:19 PM 2015

Korean biggest technology company, Samsung today announces that its Samsung Pay service is now accepting credit and debit card from Chase Banks. The new announcement set its service in par with other rivals such as Apple Pay and Android Pay.

The new announcement means that Samsung Pay which is currently available only in the South Korea and America will get an extra boost to increase its users.

The service is already accepting credit cards from MasterCard, Visa, and American Express and debit cards from Bank of America and Citi. Besides Chase Bank, the service also now support both credit and debit cards from American bank SunTrust.

Tech Times reported that Samsung Electronics vice president Injong Rhee welcomes the new partnership.

"As consumers increasingly rely on their mobile devices in their everyday lives, our work with Chase as well as our other partners will only enhance the mobile experience and convenience for our customers and give them even more flexibility and choice for how to pay", he said.

Samsung spokesperson told reporters that the use of the new Samsung Pay service is similar like using other services where users just have to input their card information when opening an account with Samsung Pay according to Fortune.

For existing users, they just need to update their information before waving their smartphone on any point of sale devices to make a purchase.

Samsung Pay service is different compared to its rival and is putting the company's services unrivalled by Apple and Android Pay according to The Verge.

This is because, the service is using its own patented MST feature which allows users to pay using their phone on any existing credit card terminal without having the store to upgrade their reader using the NFC technology.

Although Samsung managed to work with more banks and more banks are expected to join the bandwagon in the future, an analyst estimated that it will take few more years before more users will be using the service. This is because not all card terminal will work well especially those located in the pump station.

This leaves users with no choice than to use their cards again and not to totally ditch it. Besides that, the payment service only works with the latest Samsung phone creating a smaller users scope. Among devices that support Samsung Pay are Galaxy S6, Galaxy S6 Edge, Galaxy Note 5, and Galaxy S6 Edge+.

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