MINNEAPOLIS--(BUSINESS WIRE)--Sep. 28, 2015--
U.S. Bank and Elavon, the global acquiring subsidiary of U.S. Bancorp
(NYSE: USB), today announced the availability of Samsung Pay to offer
more payment choices and convenience to their customers.
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Consumers and small businesses with U.S. Bank Visa® credit and debit cards may now load their cards onto eligible Samsung mobile devices and pay using Samsung Pay. (Photo: Business Wire)
Consumers and small businesses with U.S. Bank Visa® credit and debit
cards may now load their cards onto eligible Samsung mobile devices and
pay using Samsung Pay. U.S. Bank’s co-brand and affinity partners may do
the same. Point of sale devices provided to U.S. Bank and Elavon
merchant customers are also enabled to accept participating credit and
debit card Samsung Pay payments.
“Being one of the first to offer our cardmembers and merchant customers
Samsung Pay is a great example of our focus on our customers,” said
Dominic Venturo, chief innovation officer at U.S. Bank. “This is an
important step in the continuing evolution of payments and consistent
with providing our customers the convenience of doing business with us
how, when and where they want."
“U.S. Bank is a valued partner to help Samsung bring mobile payment from
every-once-in-a-while to almost anywhere,” said Injong Rhee, EVP of
Samsung Electronics, Global Head of Samsung Pay. “With Samsung Pay,
customers can shop like it’s yesterday and pay like it’s tomorrow. They
can use the only mobile payment option that works almost anywhere you
can swipe or tap your card today.”
Samsung Pay delivers secure mobile payments worldwide and uses both Near
Field Communication (NFC) and proprietary technology called Magnetic
Secure Transmission (MST). MST promotes broad merchant acceptance by
converting traditional magnetic-stripe information into a wireless
signal that has the potential of being accepted at about 30 million
merchant locations worldwide – almost anywhere your customers can swipe
a card themselves.
For more information about Samsung Pay and U.S. Bank cards, please visit
usbankgomobile.com/wallet/#/samsungpay. Merchant customers should speak
with a banker or visit www.elavon.com
to learn about accepting Samsung Pay at the point of sale.
About U.S. Bank
Minneapolis-based U.S. Bancorp (NYSE: USB), with $419 billion in assets
as of June 30, 2015, is the parent company of U.S. Bank National
Association, the fifth largest commercial bank in the United States. The
Company operates 3,164 banking offices in 25 states and 5,020 ATMs and
provides a comprehensive line of banking, brokerage, insurance,
investment, mortgage, trust and payment services products to consumers,
businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.
About Elavon (www.elavon.com)
Elavon is wholly owned by U.S. Bancorp (NYSE: USB) and provides
end-to-end payment processing solutions and services to more than 1.3
million customers in the United States, Europe, Canada, Mexico, Brazil
and Puerto Rico. As the #1 provider for airlines and a top five provider
for hospitality, healthcare, retail, and public sector/education,
Elavon’s innovative payment solutions are designed to solve pain points
for businesses from small to enterprise-sized.
About Samsung Pay
Samsung Pay is a simple, safe and available almost anywhere you can
swipe or tap your card mobile payment service from Samsung Electronics.
Combining NFC with Samsung’s proprietary MST technologies, Samsung Pay
provides consumers a way to pay nearly anywhere you can swipe or tap a
card at millions of merchant locations worldwide. Samsung continues to
strategically expand its partnership ecosystem for Samsung Pay to
provide greater flexibility, access, and choice for customers while
enabling an easy and safe payment experience. Visit www.samsung.com/pay
to learn more.
*Some card reader terminals may require software updates to be
compatible with Samsung Pay.
About Samsung Electronics America, Inc.
Headquartered in Ridgefield Park, NJ, Samsung Electronics America, Inc.
(SEA), is a recognized innovation leader in consumer electronics design
and technology. A wholly owned subsidiary of Samsung Electronics Co.,
Ltd., SEA delivers a broad range of digital consumer electronics, IT and
home appliance products. Samsung is the market leader for HDTVs in the
U.S and America’s fastest growing home appliance brands. To discover
more of the award-winning products you love with Samsung, please visit www.samsung.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150928005272/en/
Source: U.S. Bancorp
U.S. Bank Contact:
U.S. Bank Corporate Communications
Shruti Sehgal, 646-452-5637