ST. LOUIS--(BUSINESS WIRE)--Scottrade Bank, a division of Scottrade Financial Services, today announced the roll out of Android Pay and Samsung Pay to its personal banking clients.
With Android Pay and Samsung Pay, Scottrade Bank now offers multiple mobile payment solutions. Earlier this year, the bank began offering Apple Pay® and mobile check deposit.
“The use of mobile payments is growing, and Scottrade Bank is pleased to offer our clients banking services that make their lives easier,” said Chris McComish, president of Scottrade Bank. “Layering Android Pay and Samsung Pay into our mobile solutions allow our clients additional, simple ways to interact with millions of retailers.”
Android Pay uses contactless payment systems to send payment to a merchant – either in store or for payment in mobile apps. Rather than sending your actual debit card number with your payment, it uses a virtual account number to represent your account information.
Android Pay is compatible with the Android operating system “Kit Kat” or newer and works with most Nexus, Samsung, LG, HTC and Motorola phones.
Samsung Pay provides owners of select Galaxy devices the ability to use their phones to make payments virtually anywhere clients can swipe their card. Samsung Pay supports contactless payment systems and magnetic secure transmission (MST) technology.
Samsung Pay is compatible with the Galaxy S7, Galaxy S7 active, Galaxy S7 edge, Galaxy S6, Galaxy S6 active, Galaxy S6 edge, Galaxy S6 edge+ and the Galaxy Note 5.
Scottrade Bank allows Scottrade brokerage clients the convenience to react quickly to market opportunities with real-time money transfers from their Scottrade Bank® account to their Scottrade Brokerage account. The Bank offers no-interest and interest checking accounts, online savings accounts, money market accounts and certificates of deposit.
The bank also offers financial solutions, specialized expertise and dedicated resources to meet the unique needs of Scottrade® clients and commercial customers nationwide. To learn more about Scottrade Bank, visit scottradebank.com.
About Scottrade Financial Services, Inc.
Scottrade Financial Services, Inc. is a privately-held holding financial services firm with four key lines of business: Scottrade, Inc., a leading brokerage company; Scottrade® Advisor Services, a division of Scottrade, Inc., which serves registered investment advisors; Scottrade Bank, a provider of online retail banking products and services, commercial lending and commercial equipment financing; and Scottrade Investment Management, providing investment guidance services. Scottrade, Inc. works with more than three million retail clients to provide the trading services and investment solutions they need to overcome barriers to financial success. Scottrade pairs its large nationwide branch network with advanced online products and services to help clients gain insight into the market and react quickly to trading opportunities. Scottrade Financial Services, Inc. is based in St. Louis, Mo. For more information, visit about.scottrade.com or www.scottrade.com. To learn more about career opportunities at Scottrade, visit careers.scottrade.com.
Brokerage products and services offered by Scottrade, Inc. Member FINRA and SIPC. Deposit products and services offered by Scottrade Bank, Member FDIC.
Scottrade®, Scottrade® Advisor Services, Scottrade Bank®, Scottrade Investment Management and the Scottrade® logo are the registered trademarks of Scottrade, Inc.
A Scottrade® brokerage account with at least $500 in equity is required to open a Scottrade Bank® account.
Apple Pay® and App Store℠ are trademarks of Apple Inc. Scottrade and Apple are not affiliated.
Android and Android Pay are trademarks of Google Inc. Scottrade and Google are not affiliated.
Samsung and Samsung Pay are trademarks of Samsung. Scottrade and Samsung are not affiliated.
