Samsung's mobile payment service Samsung Pay went live in the US on Monday. Samsung Pay lets users pay for items using their phones or upcoming Gear S2 smartwatch. Samsung Pay works with Galaxy S6, S6 Edge, Note 5 and S6 Edge+ smartphones.
Samsung Pay is accepted almost anywhere you can swipe or tap your credit card. It makes transactions super easy. Just swipe up to launch the app, secure with your fingerprint, and hover over the card reader to pay.
Samsung Pay uses several layers of security. It keeps your payment information separate and doesn’t store or share it, so you can pay without worry. It’s simple, secure and works in more stores than any other mobile payment service. It works even at older retail terminals that don't accept Apple Pay.
Samsung Pay will use a Near-Field Communication(NFC) chip to talk with compatible registers. It also uses a LoopPay technology called Magnetic Secure Transmission that works by holding the phone near a traditional card swipe reader, essentially making it backward compatible for nearly all payment terminals.