MINNEAPOLIS--(BUSINESS WIRE)--Mar. 2, 2015--
U.S. Bank has announced that it’s working with Samsung Electronics Co.
to enable U.S. Bank cardmembers to use the new Samsung Galaxy S6 phone
for credit-card transactions as the bank continues to develop secure,
convenient and innovative payment options.
“We're thrilled to have payments become a core capability of the mobile
phone,” said Pam Joseph, vice chairman and head of U.S. Bank Payment
Services. “The result of mobile payments is that our customers can use
the same, familiar credit-card payment system but with added security
and convenience.”
Samsung Pay, developed in partnership with Visa and MasterCard, uses
both Near Field Communication (NFC) and a new proprietary technology
called Magnetic Secure Transmission (MST) to make mobile payments more
accessible to merchants and consumers than ever before.
For more details about the technology works, please go to www.samsungmobilepress.com,
and U.S. Bank will announce details about the service later in 2015.
About U.S. Bank
Minneapolis-based U.S. Bancorp (NYSE:USB), with $403 billion in assets
as of Dec. 31, 2014, is the parent company of U.S. Bank National
Association, the fifth largest commercial bank in the United States. The
company operates 3,176 banking offices in 25 states and 5,022 ATMs and
provides a comprehensive line of banking, investment, mortgage, trust
and payment services products to consumers, businesses and institutions.
Visit U.S. Bancorp on the web at www.usbank.com.
Source: U.S. Bancorp
U.S. Bank Public Relations
Michael Bares, 612-973-1918
michael.bares@usbank.com