TSYS Announces Support of Samsung Pay
September 28 2015 - 02:30PM
Business Wire
Samsung Pay is safe, simple and works almost
anywhere you can swipe or tap your card
TSYS (NYSE: TSS) today announced its relationship with Samsung
Pay, which will offer TSYS clients — both issuing banks and
acquirers — and their merchants a simple and safe way to offer and
accept mobile payments using nearly any terminal where you can
swipe or tap your card.
Combining Samsung’s pioneering Magnetic Secure Transmission
(MST) technology with Near Field Communication (NFC), Samsung Pay
is compatible with nearly all existing payment terminals where you
can swipe or tap your card, allowing merchants to quickly and
easily accept secure payments from customers using their Samsung
phones.
“At a time when more consumers are looking for safe, simple and
widely accepted mobile payment solutions, we’re thrilled to join
with Samsung Pay to bring this groundbreaking technology to life,”
said Craig Ludwig, head of product for TSYS’ Merchant Services
segment. “We look forward to supporting our clients as they offer
secure and convenient mobile payment acceptance for their
customers.”
Samsung Pay will be available on the Samsung Galaxy S6, Galaxy
S6 edge, Galaxy S6 edge+ and Galaxy Note5 beginning September 28 in
the United States. Samsung Pay is currently available in Korea, and
plans are already underway for expansion in other countries.
“TSYS 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.”
To make a payment, consumers launch the Samsung Pay app,
authorize their purchase with a touch of a finger and hold the back
of the Samsung device to a card reader or NFC dongle. TSYS is
committed to upholding security and user data privacy to the
highest industry standards. Samsung Pay uses a digital tokenization
instead of payment card information for every transaction and
consent for payment must be authorized by fingerprint or pin.
About TSYS
At TSYS® (NYSE: TSS), we believe payments should revolve around
people, not the other way around. We call this belief
People-Centered Payments®. By putting people at the center of every
decision we make, TSYS supports financial institutions, businesses
and governments in more than 80 countries. Through NetSpend®, A
TSYS Company, we empower consumers with the convenience, security,
and freedom to be self-banked. TSYS offers issuer services and
merchant payment acceptance for credit, debit, prepaid, healthcare
and business solutions.
TSYS’ headquarters are located in Columbus, Ga., U.S.A., with
local offices spread across the Americas, EMEA and Asia-Pacific.
TSYS is a member of The Civic 50 and was named one of the 2015
World's Most Ethical Companies by Ethisphere magazine. TSYS
routinely posts all important information on its website. For more,
please visit us at www.tsys.com.
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.
About Samsung Electronics Co., Ltd.
Samsung Electronics Co., Ltd. inspires the world and shapes the
future with transformative ideas and technologies, redefining the
worlds of TVs, smartphones, wearable devices, tablets, cameras,
digital appliances, printers, medical equipment, network systems,
and semiconductor and LED solutions. We are also leading in the
Internet of Things space through, among others, our Smart Home and
Digital Health initiatives. We employ 319,000 people across 84
countries with annual sales of US $196 billion. To discover more,
please visit our official website at www.samsung.com and
our official blog at global.samsungtomorrow.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20150928006474/en/
TSYS Media RelationsCyle Mims,
+1-706-644-3110cylemims@tsys.comorTSYS Investor RelationsShawn
Roberts, +1-706-644-6081shawnroberts@tsys.comorSamsung /
BerlinRosenShruti Sehgal,
+1-646-452-5637samsung@berlinrosen.com
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