Cardmembers Will Have Ability to Make Mobile Payments Using Samsung
Phones
RIVERWOODS, Ill.--(BUSINESS WIRE)--Aug. 13, 2015--
Today Discover announced plans to allow Discover cardmembers in the U.S.
to use Samsung Pay, a simple way to make payments through Samsung brand
mobile phones.
Samsung Pay combines Magnetic Secure Transmission (MST) technology with
Near Field Communication (NFC), making it compatible with nearly all
existing payment terminals and allowing Discover’s cardmembers to
quickly and easily make payments through their Samsung phones at
millions of merchant locations.
Samsung Pay will be available on the Samsung Galaxy S6, Galaxy S6 edge,
Galaxy S6 edge+, and Galaxy Note 5 this fall in the United States and
Korea. Discover cardmembers will obtain access to Samsung Pay in 2016.
“Discover remains committed to providing cardmembers with simple,
convenient and versatile payment options,” said Diane Offereins,
Discover’s president of payment services. “Adding Samsung Pay expands
our ability to offer innovative and secure mobile payment services,
enhancing the customer experience that cardmembers have come to expect
from Discover.”
Samsung Pay uses tokenization instead of payment card information for
every transaction and consent for payment must be authorized by the
cardholder with a fingerprint or a PIN. To make a purchase at the
point-of-sale, Discover cardmembers will simply swipe up on eligible
Samsung devices, scan their fingerprint and pay. When Discover
cardmembers use Samsung Pay, they will continue to earn rewards and will
continue to have protection against unauthorized purchases on their
Discover card account.
For more information on Samsung Pay, visit www.samsung.com
About Discover
Discover Financial Services (NYSE: DFS) is a direct banking and payment
services company with one of the most recognized brands in U.S.
financial services. Since its inception in 1986, the company has become
one of the largest card issuers in the United States. The company issues
the Discover card, America's cash rewards pioneer, and offers private
student loans, personal loans, home equity loans, checking and savings
accounts, certificates of deposit and money market accounts through its
direct banking business. It operates the Discover Network, with millions
of merchant and cash access locations; PULSE, one of the nation's
leading ATM/debit networks; and Diners Club International, a global
payments network with acceptance in more than 185 countries and
territories. For more information, visit www.discover.com/company.
This press release contains forward-looking statements. Such statements
are based upon the current beliefs and expectations of management and
are subject to significant risks and uncertainties. The following
factors, among others, could cause actual results to differ materially
from those set forth in the forward-looking statements: unexpected
difficulties or delays in executing the proposed arrangements. The
forward-looking statements speak only as of the date of this press
release, and there is no undertaking to update or revise them as more
information becomes available. Additional factors that could cause
results to differ materially from those described in the forward-looking
statements can be found under "Risk Factors" and "Management's
Discussion and Analysis of Financial Condition and Results of
Operations" in Discover’s Annual Report on Form 10-K for the year ended
December 31, 2014, and "Management's Discussion and Analysis of
Financial Condition and Results of Operations in the Company's Quarterly
Report on Form 10-Q for the quarter ended June 30, 2015, which are on
file with the SEC and available at the SEC's website at www.sec.gov.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150813005975/en/
Source: Discover Financial Services
Discover
Abbe Kalina, 224/405-5175
abbekalina@discover.com