Friday, July 27, 2018

Chase Pay now works with Samsung Pay on the Samsung Galaxy S9 and other devices

samsung pay

A few years ago, smartphone companies began working on a trending new technology that would let people use their smartphone to pay at compatible credit card terminals. This went from Apple Pay for iOS customers, then Android Pay (which was renamed to Google Pay), but all of these banking and retail companies saw there was money to be made with it. We started seeing more platforms fragmenting the ecosystem from LG Pay to Walmart Pay and even JPMorgan Chase thought Chase Pay was a good idea. Some of these do give rewards and they can be beneficial to for those who are loyal to certain companies. Today, Samsung has announced that Chase Pay customers with a Samsung device and Samsung Pay will be able to link their accounts.

Samsung may not have been the first mobile payment service on the market, but they had a major advantage over the competition. Most mobile payment services rely on NFC technology to complete the transaction from the phone to the credit card terminal. Mobile payment services that rely on NFC come at a major disadvantage since (at that time) 90% of the credit card terminals didn’t support the technology. However, back in 2015, Samsung acquired a company called LoopPay and instantly became a strong rival to Apple Pay.

LoopPay was able utilize the MST technology that the majority of credit card terminals already supported. So you can pay with your phone at basically any terminal. The South Korean conglomerate went all in with this new acquisition by expanding it to multiple markets all across the world. The success of this new feature took off with multiple other retailers and banking services partnering with Samsung to increase their customers’ usage. The list of credit unions, banks, and gift card merchants have grown so large that the company has a dedicated landing page for you to see who supports it.

JPMorgan Chase held off for so long and kept refusing to support Samsung Pay and instead created Chase Pay as one of their competitors. Naturally, this didn’t work out as they had hoped, so today both companies have announced those who are using Chase Pay can now link it directly to Samsung Pay. Less fragmentation is always a win for consumers.


Source: Samsung

HostGator Web Hosting

Related Posts:

  • Acer’s 8-Inch Gaming Tablet is Now Available for Pre-Order At Computex 2015, Acer showed off the Predator 8 Android tablet that is targeted specifically at mobile gamers. The $299.99 8-inch tablet is finally available for pre-order and it comes with with a 1080p LCD display,&nb… Read More
  • Samsung Scores 38 Innovation Awards at CES 2016 Spanning across 18 different categories, Samsung was able to win 38 different Innovation Awards at CES 2016. The convention takes place between January 6th and 9th and Samsung says they will be showing off some of the w… Read More
  • LinkedIn v4.0 APK Download LinkedIn has received a major visual overhaul in its latest update, finally bringing the infamous professional networking app up to date with Material Design. The update bumps it up to version 4.0, and features a bunch of UX… Read More
  • Designing for Physical Boundaries with Project Tango Project Tango is a Google-led project aimed to master motion tracking on mobile devices. Google hopes to usher in a revolution in virtual reality, but to do so they need to get developers on board with their project. Th… Read More
  • Enable Stock Multi-Tasking View on BlackBerry Priv If you recently picked up a BlackBerry Priv to satisfy your hardware keyboard needs but find the multi-tasking interface to be unsatisfying, you can easily change it back to the stock interface thanks to a settings option hi… Read More

0 comments:

Post a Comment