SAN FRANCISCO--(BUSINESS WIRE)--Today Wells Fargo Bank, N.A. (NYSE: WFC) customers may use a Samsung mobile device to use Samsung Pay to conveniently make purchases at magnetic stripe payment terminals as well as terminals set up for contactless payments.
Wells Fargo customers with a Samsung device – including the Galaxy S6, S6 edge, S6 edge+, S6 active, Note5, as well as the newly announced Galaxy S7 and S7 edge– may pay at locations where they can swipe or tap their Wells Fargo Debit and Credit Cards. All transactions are monitored with Wells Fargo risk and fraud detection systems, and Wells Fargo Credit Cards and Debit Cards are covered by Zero Liability protection*, which means customers are not responsible if they promptly report unauthorized transactions.
Samsung Pay has the capability to process payments at the register using Near Field Communication (NFC) terminals, in addition to Samsung’s proprietary Magnetic Secure Transmission (MST) technology, which enables acceptance with most existing magnetic stripe terminals.
“We are thrilled today to participate in Samsung Pay, and to continue to provide Wells Fargo customers with convenient mobile payment options,” said Jim Smith, head of Virtual Channels for Wells Fargo. “We want to satisfy our customers’ financial needs when, where and how they want, and allowing them to pay from a mobile wallet with features like Samsung Pay helps us fulfill that promise.”
For more information visit wellsfargo.com/samsungpay.
*Please see your applicable Wells Fargo account agreement, and card terms and conditions for information on liability for unauthorized transactions.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.8 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through 8,700 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 36 countries to support customers who conduct business in the global economy. With approximately 265,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 30 on Fortune’s 2015 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Wells Fargo perspectives are also available at Wells Fargo Blogs and Wells Fargo Stories.
About Samsung Pay
Samsung Pay, a mobile payment service from Samsung Electronics, is simple 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 payment experience. Samsung Pay is compatible with select cards and Samsung devices, and leading wireless providers. Visit samsung.com/pay to learn more.