Samsung Pay has announced its partnership with Prepaid Financial Services (PFS).
The partnership will allow PFS to launch Samsung Pay for its branded cards. Customers that use specific programmes can now access Samsung Pay services. Furthermore they can use contactless wherever the contactless symbol is displayed and Mastercard accepted.
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Near Field Communication (NFC) and enhanced security features including fingerprint authentication, PIN/iris scan make the user experience secure and seamless. As the world becomes more digitally connected, the user experience is crucial.
James Bradbury, head of services at Samsung Electronics said: “We are delighted to announce the new partnership with PFS and to be able to offer Samsung Pay to PFS customers, helping more people to make on-the-go transactions easy and incredibly secure.”
Lee Britton, Commercial Director at PFS stated: “The future of payments is increasingly digital and PFS and Samsung are at the forefront of this fast-paced evolution. We are excited to reveal the expansion of an attractive mobile offering for clients. This partnership provides an increased number of payment choices through smartphones, smartwatches and the trend-setting wearables market as we revolutionise traditional payment methods together.”
Samsung Pay PFS simplicity
Simplicity is vital for payments. Both Apple and Samsung boast convenient transactions and a seamless experience.
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By GlobalDataSamsung Pay uses NFC making the user experience frictionless. Users can launch Samsung Pay with a simple swipe from the bottom edge of their screen. This will bring up the last used credit, debit or prepaid card. Furthermore they can use iris, pin or fingerprint to prove their identity. Customers simply tap their device on a payment terminal to make a payment.
Samsung Pay also allows customers to use contactless payment for transactions over £30. Of course, this is subject to merchant policies.
As well as simplicity, security is vital. Samsung’s Knox security platform is built into the hardware and software of a customers’ device. This ensures mobile information and data is secure.
Katherine Rodger, senior project manager mobile payments at PFS added: “We are able to leverage Mastercard’s advanced tokenisation platform to add even more security to payments. Samsung Pay uses tokens instead of a cardholder’s account number, meaning personal information is never revealed during this ultra-convenient payment process. Additionally, a unique dynamic cryptogram is generated for each transaction ensuring the same credentials can never be used more than once.”
