Be the first, order the brand new Galaxy S24 FE, Galaxy Tab S10 Ultra, order the KING Galaxy S24 Ultra!

SamMobile has affiliate and sponsored partnerships. If you buy something through one of these links, we may earn a commission.

News For You
News For You
Notifications

Samsung Pay enters final testing with eight card companies

General
By 

Last updated: May 10th, 2016 at 14:46 UTC+02:00

Despite formally announcing Samsung Pay back in March the company is yet to launch its new payments service, Samsung Pay is slated to go live in South Korea and the United States initially by September this year. According to a new report the payments service has entered final testing with eight local card companies in South Korea as Samsung puts it through strengthening tests to ensure that the service is properly ready for the public.

Citing financial industry sources the report claims that Samsung is facing issues with its technology to beam information to conventional card readers at checkout counters through magnetic fields because the system isn't working as smoothly as initially believed, hence the need to conduct multiple technical tests with card companies to ensure that things are up to the mark before launch. Samsung Pay works by replicating the card's magnetic information and creating a magnetic field which is used to activate a Credit Authorization Terminal but only after the user authorizes it through the fingerprint sensor.

Apparently magnetic field formation and fingerprint verification isn't quite up to the mark as older card readers at merchants are facing difficulties in recognizing the magnetic fields generated by the payments system. Thus it's imperative for Samsung to continue running these tests to minimize error rates and ensure that the Samsung Pay launch goes off without a hitch this September.

Via

GeneralPay Samsung Pay
Galaxy AI summarized

Scroll for more related content
News For You

You might also like

Apple Pay finds it difficult to crush Samsung Pay in South Korea

Apple Pay finds it difficult to crush Samsung Pay in South Korea

Samsung Pay had enjoyed a clear field in the company's home country of South Korea for many years until Apple decided to ruin the party. The company launched its mobile payments service, Apple Pay, in South Korea last year. It was encouraged by the rising market share of iPhones in the country, so it was […]

  • By Daniel van Dorp
  • 6 months ago
Most Korean Samsung Pay users have switched to Samsung Wallet

Most Korean Samsung Pay users have switched to Samsung Wallet

The vast majority of Samsung Pay users in South Korea, Samsung's home ground, have switched over to Samsung Wallet, the company has officially announced. Wallet is an upgraded version of its mobile payments service that Samsung launched not too long ago. Samsung has confirmed that 70% of all Samsung Pay users in South Korea have […]

  • By Adnan Farooqui
  • 6 months ago
Samsung is running Samsung Wallet promotions for students in Korea

Samsung is running Samsung Wallet promotions for students in Korea

Samsung is running a promotional offer for students who use Samsung Wallet to make payments in South Korea. Starting today, Samsung Wallet users aged from 7 to 19 can get various benefits when they use Samsung Wallet to buy things at stores. Samsung Wallet promotion for students in South Korea comes with discounts and other […]

  • By Asif Iqbal Shaik
  • 7 months ago
Change your Galaxy phone’s default mobile payment option

Change your Galaxy phone’s default mobile payment option

While some OEMs don't offer a virtual wallet solution for their phones, Samsung does. It's called Samsung Pay, and it's a part of the Samsung Wallet platform. However, Samsung Pay likely isn't the only mobile payment solution you can use on your Galaxy device. Google offers its own, predictably called Google Pay. Even if you […]

  • By Mihai Matei
  • 7 months ago
Samsung Wallet gets RuPay credit card support for UPI payments

Samsung Wallet gets RuPay credit card support for UPI payments

Samsung has announced that Galaxy smartphone users in India who have the Samsung Wallet feature can now make mobile payments through UPI via their RuPay credit cards. This feature is now available on all smartphones that feature the ability to make mobile payments. Samsung Pay (Samsung Wallet) now supports UPI for linked RuPay credit cards […]

  • By Asif Iqbal Shaik
  • 9 months ago
Samsung Pay coming to the iPhone? Maybe, maybe not

Samsung Pay coming to the iPhone? Maybe, maybe not

Apple's walled-garden approach has many benefits, like excellent compatibility between various products, a more polished user experience, and better security from malware. It also keeps the customer invested and trapped in Apple's ecosystem, as other ecosystems or products may not have the services, apps, and features the customer is accustomed to on devices with a […]

  • By Abhijeet Mishra
  • 10 months ago