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Friday, August 14, 2015

Get To Know Bout Samsung Pay, What And How Does It Work?


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Fast News Today- In addition to announcing the Galaxy Note and Galaxy 5 S6 Edge Plus, Samsung also introduced their own digital payment systems, Samsung Pay.

Samsung Pay payment system is present to challenge Apple and Android Pay Pay is already present, and this service is available exclusively only in certain types of Samsung phones.

Samsung Pay scheduled to be released in South Korea, home of Samsung, on August 20, 2015. Then proceed to the United States on 28 September 2015.

 Injong Rhee, Samsung EVP and head of Samsung Pay say, these services will also be presented as soon as possible to other countries such as England, Spain and China.
"Samsung Pay is a brilliant innovation that makes our payment system can work in any store," said Rhee, while introducing Samsung Pay in the event Samsung unpacked, New York, USA.
The claim is well-founded. Because the Samsung Pay has a somewhat different mechanism from most other electronic payment systems.
To use this service the user first must register a credit card you want to use. After that, the phone can be used to make transactions at point of sale (PoS) that supports the credit card.
Greatness Samsung pay is, this system does not require sophisticated NFC-based PoS machine, and is compatible with most current machines. Because basically Samsung Pay only manipulate the way the pay is usually swiped, became just need to put the phone on PoS machines. This can be done because Samsung puts a special antenna in the phone for the transaction.

 Then how about safety? Global Co-GM of Samsung Pay, Thomas Ko claims radio antenna to conduct such transactions has been designed in such a way so as not to leave a gap. Strip transaction will also be encrypted to block eavesdroppers.

With the Samsung Pay system has received the blessing of a number of banking institutions such as MasterCard, Visa and American Express.

"I am proud to mention that Samsung Pay no first mobile payment system backed by the credit card providers of various brands," Rhee added.

So far Samsung Pay only be used on four phones Samsung, the Galaxy S6, S6 Edge Galaxy, Note 5 and Galaxy S6 Edge Plus.

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