MINNEAPOLIS--(BUSINESS WIRE)--Jun. 8, 2016--
U.S. Bank today announced that its MasterCard cardmembers can now use
Android Pay™ and Samsung Pay®, offering more payment choices
and convenience to customers.
U.S. Bank consumer and small business MasterCard cardmembers may now
load their cards onto eligible Android and Samsung mobile devices and
pay using these two mobile payment services. Android Pay and Samsung Pay
also work with MasterCard credit cards that U.S. Bank issues on behalf
of its co-brand and affinity partners like REI and Edward Jones.
“Partnering with MasterCard to bring more mobile payment options to our
cardmembers helps make it easier for them to try new ways to pay,” said
Clifford Cook, senior vice president for U.S. Bank Retail Payment
Solutions. “This is an important step in the continuing evolution of
payments and consistent with providing our cardmembers the convenience
of making mobile payments with whatever mobile device they choose.”
With Android Pay, U.S. Bank customers with eligible MasterCard consumer
and small business credit cards can now use their Android mobile phone
to make fast, simple and secure payments in over one million locations
and in popular Android apps—all without pulling out a wallet. Android
Pay comes preloaded on newer Android devices and can also be downloaded
to Android devices that support NFC and run KitKat (4.4) OS or higher.
Samsung Pay delivers secure mobile payments using both Near Field
Communication (NFC) and proprietary technology called Magnetic Secure
Transmission (MST). MST technology allows Samsung Pay to be used with
traditional magnetic-stripe card readers, allowing it to work virtually
anywhere a cardmember swipes or taps a card.
To keep customers’ card details safe, both mobile payments choices do
not send actual credit or debit card numbers to merchants when a payment
is made. Instead, through a process called tokenization, a virtual
account number replaces card data to represent a customer’s account
information. U.S. Bank merchant customers can accept Android Pay at the
point of sale using terminals enabled with NFC and in their Android apps
while Samsung Pay can be accepted at both point of sale using terminals
enabled with NFC or magnetic-stripe readers.
For more information about Android Pay and U.S.
Bank cards, please visit usbankgomobile.com/wallet/#/androidpay.
For more information about Samsung Pay and U.S.
Bank cards, please visit usbankgomobile.com/wallet/#/samsungpay.
About U.S. Bank
Minneapolis-based U.S. Bancorp, with $428
billion in assets as of March 31, 2016, is the parent company of U.S.
Bank National Association, the fifth largest commercial bank in the
United States. The Company operates 3,133 banking offices in 25 states
and 4,936 ATMs and provides a comprehensive line of banking, investment,
mortgage, trust and payment services products to consumers, businesses
and institutions. Visit U.S. Bancorp on the web at www.usbank.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160608006308/en/
Source: U.S. Bank
U.S. Bank Public Relations
Maureen Mook, 612-973-0771