Just in Time for the Holidays New Banks & Credit Unions Implement Samsung Pay for Mastercard Cardholders

With the holidays upon us, shoppers are looking to conveniently check off their gifting lists. MasterCard cardholders from New York to California and everywhere in between now have the opportunity to leverage a simple and secure mobile payment option this holiday season as several new banks and credit unions are now live with Samsung Pay.

MasterCard cardholders with a consumer credit or debit card from Achieva Credit Union, Associated Bank, BayPort Credit Union, Bethpage Federal Credit Union, Cambridge Savings Bank, Citizens Equity First Credit Union (CEFCU), KeyBank, Navy Federal Credit Union, Security Services Federal Credit Union, SunTrust, USC Credit Union and Virginia Credit Union now have access to simple and secure everyday payments through Samsung Pay. Samsung device owners can use their MasterCard credit, debit and select prepaid and small business cards from these participating banks and credit unions directly through Samsung Pay.

Samsung Pay is available of the latest Samsung devices, including the Galaxy S6 edge+, Galaxy Note5, Galaxy S6 edge, Galaxy S6 and Galaxy S6 active. The payment option works at virtually any merchant terminal in the U.S. Cardholders shopping on the go can use the MasterCard Nearby app which, among many other benefits, can help you locate hundreds of thousands of merchants that accept contactless payments.

Check out the video below to learn more about how to make simple, safe and secure everyday payments with your MasterCard via Samsung Pay http://newsroom.mastercard.com/videos/video-introducing-samsung-pay-with-mastercard/.

The MasterCard Digital Enablement Service (MDES) is making safe and secure payments possible for cardholders who pay via Samsung Pay. MDES is one of the most secure payments technologies in the world. For consumers and merchants alike, this means that every purchase made with a MasterCard using Samsung Pay offers the same enhanced security and benefits of a digital MasterCard transaction including the latest tokenization technology.

Samsung Pay is simple, safe, and works almost anywhere you can swipe or tap your card.

• SIMPLE: To make a payment on Samsung Pay, users can simply swipe up, scan their fingerprint and pay.
• SAFE: Samsung Pay uses tokenization, Samsung KNOX, and fingerprint authentication to provide secure payments. And, as terminals are upgraded to EMV, that security is leveraged, too.
• ALMOST ANYWHERE*: Samsung Pay is compatible with the majority of existing and new terminals, including most magnetic stripe, EMV and NFC terminals*.

About MasterCard MasterCard (NYSE:MA), www.mastercard.com, is a technology company in the global payments industry. We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MasterCardNews, join the discussion on the Cashless Pioneers Blog and subscribe for the latest news on the Engagement Bureau.

About Samsung Pay

Samsung Pay, a mobile payment service from Samsung Electronics, is simple, safe and available almost anywhere you can swipe or tap your card. Combining NFC with Samsung’s proprietary MST technologies, Samsung Pay provides consumers a way to pay almost anywhere you can swipe or tap a card at millions of merchant locations. Samsung continues to strategically expand its partnership ecosystem for Samsung Pay to provide greater flexibility, access, and choice for customers while enabling an easy and safe payment experience. Samsung Pay is compatible with select cards and Samsung devices, and leading wireless providers. Visit www.samsung.com/pay to learn more.

*Samsung Pay is compatible with select cards, Samsung devices, and leading wireless providers. Visit www.samsung.com/pay to learn more. Some card reader terminals may require software updates to be compatible with Samsung Pay.

About Samsung Electronics America, Inc.

Headquartered in Ridgefield Park, NJ, Samsung Electronics America, Inc. (SEA), is a recognized innovation leader in consumer electronics design and technology. A wholly owned subsidiary of Samsung Electronics Co., Ltd., SEA delivers a broad range of digital consumer electronics, IT and home appliance products. Samsung is the market leader for HDTVs in the U.S and America’s fastest growing home appliance brands. To discover more of the award-winning products you love with Samsung, please visit www.samsung.com.

About Samsung Electronics Co., Ltd.

Samsung Electronics Co., Ltd. inspires the world and shapes the future with transformative ideas and technologies that redefine the worlds of TVs, smartphones, wearable devices, tablets, cameras, digital appliances, printers, medical equipment, network systems, and semiconductor and LED solutions. We are also leading in the Internet of Things space with the open platform SmartThings, our broad range of smart devices, and through proactive cross-industry collaboration. We employ 319,000 people across 84 countries with annual sales of US $196 billion. To discover more, and for the latest news, feature articles and press material, please visit the Samsung Newsroom at news.samsung.com.

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