Mobile wallets are one of the most significant battlegrounds for tech companies in the current generation of devices. As wireless connectivity continues to expand and processing power increases exponentially, consumers are always looking to see what else their phone or tablet can replace in order to streamline their life. Samsung has entered the fray by launching a dedicated mobile payment system for Samsung phones, separate from NFC powered Android Pay.

A Look at Samsung Pay

Samsung Pay is now available in the US, and it promises to be a huge boon for Samsung users who are looking to leave the credit cards at home the next time they run errands. Here are the answers to a few of the most popular questions about the new Samsung Pay platform. If you’re one of these enthusiastic users, don’t forget to contact LifeLine Repairs when you’re in need of Samsung repair in Houston. With so many great features now available on Samsung phones, you don’t want to be without your device for a minute. The knowledgeable professionals at LifeLine have the expertise to fix any device, and they will get you back to multitasking and juggling your hectic life as quickly as possible.

What do I need in order to use Samsung Pay?

Currently, the following Samsung phones are enabled for Samsung pay:

  • Galaxy S6 Edge+
  • Galaxy Note 5
  • Galaxy S6
  • Galaxy S6 Edge.

You will also need to have an approved credit or debit card from Bank of America, Citi, or US Bank. You can also attach an American Express card to Samsung Pay. Users in the United States must also be on one of these carriers: AT&T, T-Mobile, US Cellular, or Sprint.

What merchants will accept Samsung Pay?

One of the best new benefits offered by Samsung Pay is that is available with a wide variety of POS systems and is not limited to Near Field Communication (NFC) enabled terminals. Whether the vendor has a magnetic stripe reader, an NFC terminal or a microchip card reader, they should be able to read your Samsung Pay enabled device. One exception is readers that require a credit card to physically be inserted into a slot.

What is the technology behind Samsung Pay?

Samsung recently acquired a company called LoopPay which specialized in Magnetic Secure Transmission technology, which produces a magnetic stripe signal that is readable by the widely available magnetic stripe reader terminals. This technology makes Samsung Pay one of the most versatile mobile payments systems available. You can even make a limited number of payments without access to Wi-Fi or a cellular signal.

Will Samsung Pay keep my data secure?

Every time you use Samsung Pay, your device generates a single-use code that is encrypted for use to send to the merchant’s terminal. Because of this, Samsung does not store credit card numbers on the device, making your information more secure in the event that your phone is lost or stolen. Samsung Pay also requires fingerprint authorization or entering your PIN code in order to function.