U.S. Bank and Elavon Bring More Mobile Payment Choices to Customers with Samsung Pay
September 28 2015 - 9:05AM
Business Wire
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) Twitter:
@elavon
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20150928005272/en/
U.S. Bank Contact:U.S. Bank Corporate CommunicationsHolly
Maddox, 404-632-6088holly.maddox@usbank.comorSamsung Pay
Contact:BerlinRosenShruti Sehgal,
646-452-5637samsung@berlinrosen.com
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