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Samsung offering $50 Best Buy gift card for setting up Samsung Pay

by Jacob Kleinman | November 23, 2015November 23, 2015 1:15 pm PDT

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Samsung Pay Adds Eight More Credit and Debit Card Issuers Including Chase

Starting Today Samsung Pay Supports Chase Visa Credit and Debit Cards and New MasterCard Issuers

NEW YORK – November 23, 2015 – Samsung Electronics Co., Ltd. announced today that Samsung Pay, the most accepted mobile payment system, now supports eligible Chase Visa® credit, debit and Liquid® cards, as well as debit and credit offerings from MasterCard issuers: Citizens Equity First Credit Union, Randolph-Brooks Federal Credit Union, Security Service Federal Credit Union, State Employees’ Credit Union, SunTrust and Virginia Credit Union. Samsung Pay also now supports Navy Federal Credit Union Visa® credit and debit cards. Cardholders of all these issuers will be able to use Samsung Pay to pay almost anywhere they can swipe or tap their card.

“With expanded support from eight additional issuers, including Chase and SunTrust, we look forward to building even more momentum around Samsung Pay,” said Injong Rhee, EVP of Samsung Electronics, Global Head of Samsung Pay. “Through our ever expanding ecosystem of financial partners, Samsung Pay users will be able to take advantage of the most widely accepted mobile payment solution.”

“Samsung Pay gives our customers another convenient way to pay with their Chase cards,” said Gavin Michael, Head of Digital forChase. “They choose how they want to pay.”

All three major payment networks will continue to be supported by Samsung Pay: American Express, MasterCard and Visa, as well as major banks including Bank of America, Chase, Citi, Navy Federal Credit Union, SunTrust, U.S. Bank, and key partners includingBlackhawk Network, First Data, Global Payments, Synchrony Financial, TSYS, Vantiv, and Worldpay.

Samsung Pay offers a pretty cool take on mobile payments, but it only works if your bank supports the app. Now Samsung is adding another big U.S. bank to its ranks as the company continues to expand its service. It’s also offering a gift card in celebration of the expansion.

Starting on Monday, Samsung Pay will work with Chase-issued Visa credit and debit cards. If you’re a Chase customer, you should be able to add your card to the app, assuming you own one of four devices: the Galaxy S6, the Galaxy S6 edge, the Galaxy S6 edge Plus or the Galaxy Note 5.

You don’t need to use Chase to take advantage of a new offer, though. Samsung is offering a $50 gift card to Best Buy if you activate an eligible card, including American Express, Bank of America, Citibank, U.S. Bank or Chase.

Samsung’s mobile payment app uses Magnetic Secure Transmission (MST) technology, making it possible to pay with your phone even if there’s no NFC reader in sight. Instead, your device can communicate with a regular swipe reader, essentially tricking it into thinking you’ve used a regular credit or debit card.

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Jacob Kleinman

Jacob Kleinman has been working as a journalist online and in print since he arrived at Wesleyan University in 2007. After graduating, he took a...

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