Starting July 15, Samsung has started to roll out the Samsung Pay trial with a Samsung Card for selected customers in South Korea. Not surprisingly, the owners of the Galaxy S6 and S6 Edge are the first to have access to Samsung Pay. Samsung Pay is the first and only mobile payment service that works with both near field communication NFC and card readers with magnetic secure transmission (MST) technologies, which means it is already compatible with most retail locations’ point of sale terminals.
How it works is that at the counter, launch the app, hold the Samsung device near the credit card terminal and authorize it with your fingerprint. When you launch the app for the first time, an intro video will show you a step by step process of how the whole app works. All a user has to do is log in to the Samsung account and your fingerprint authenticator will be or a pin will be used to authorize payments. Add your debit or credit cards to the list of authorize the cards. You do this by adding your information into the app or use your smartphone camera to snapshot the card information into your app. Once a code is sent to you, register your PIN and signature used for the card to complete the process.
At the counter, you place your finger on the home button to scan and authorize the payment. If you choose the PIN option, simply key in PIN. Once done, hold your phone against the card reader at the counter.
You can even check your payment history by clicking on the card you want to review. A list of payments for that card will pop up on the app. Also, feel free to cancel any transaction by clicking on the payment you’d like to cancel and tap the Cancel Transaction button. If you do so or even if you delete a card from the list of cards registered under the app, you will need to authorize and authenticate the transaction via fingerprint or PIN. If you’re canceling the transaction, hold the phone next to the card reader at the counter once you authenticated the cancellation of the transaction.
If you’re worried about security, Samsung is trying its best to win you over. The card numbers are not stored in your phone. You instead get a token which is encrypted and unique to you which your bank would be able to trace to your card. Also, if you sadly lose your phone, you can opt to use the Find My Mobile feature which allows you to unlock the device from a remote area and/or wipe all data from your phone.
Sounds good, doesn’t it? But it sounds a little too familiar in the steps… similar to a certain other mobile pay system. We’ll let you be the judge of that.