U.S. Bank and Elavon announced the availability of Samsung Pay to offer more payment choices and convenience to their customers.
Consumers and small businesses with U.S. Bank Visa credit and debit cards may now load their cards onto eligible Samsung mobile devices and pay using Samsung Pay.
U.S. Bank’s co-brand and affinity partners may do the same. Point of sale devices provided to U.S. Bank and Elavon merchant customers are also enabled to accept participating credit and debit card Samsung Pay payments.
Samsung Pay delivers secure mobile payments worldwide and uses both Near Field Communication (NFC) and proprietary technology called Magnetic Secure Transmission (MST). MST promotes broad merchant acceptance by converting traditional magnetic-stripe information into a wireless signal that has the potential of being accepted at about 30 million merchant locations worldwide – almost anywhere your customers can swipe a card themselves.
USB is the fifth largest commercial bank in the United States. The Company operates 3,164 banking offices in 25 states and 5,020 ATMs and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions.
Elavon is wholly owned by U.S. Bancorp and provides end-to-end payment processing solutions and services to more than 1.3 million customers in the United States, Europe, Canada, Mexico, Brazil and Puerto Rico.
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