Samsung Pay is a mobile payment service that works with both NFC and magnetic secure transmission technologies, allowing it to be accepted in more retail locations than Apple Pay or Android Pay. It is easy to set up with participating cards and uses fingerprint authentication. While Apple Pay has a more streamlined user experience, Samsung Pay has a wider acceptance rate since it can pay even at older card readers. Overall, Samsung Pay is currently considered the most versatile mobile wallet.

1. Samsung Pay
- MERCY JANE P. BALLESTEROS-

2. What is Samsung
Pay?

5. Overview

6.  Introducing a better way to pay.
 Samsung Pay is accepted at more places than any
other mobile payment service out there, from the
grocery store to the coffee shop to your favorite
department store.

7. It’s secure, easy to set up and simple to use with
your latest Samsung Galaxy device.
 With the widest acceptance of any mobile payment
service, Samsung Pay brings us closer than ever to
a world without wallets.

8. Description

9.  Samsung Pay is accepted virtually anywhere you
can swipe or tap your card.
 Samsung Pay makes transactions super easy —
Swipe up to launch the app.
 Secure with your fingerprint.
 Hover your device over the card reader to pay.

10.  And it’s safe.
 Your purchases remain yours alone.
 Samsung Pay doesn’t store or share your payment
information, so you can pay without worry.
 Note: Only compatible with select cards and
Samsung devices.

11. Samsung Pay vs. Apple Pay:
How they compare

12.  How does it differ from Apple's mobile payment
system?
 Here are some of the immediate differences and
similarities consumers will notice:

13. Samsung Pay can be used in
more places

14.  Unlike Apple Pay, which requires stores to have or
install terminals that use near field communication
(NFC) for receiving payment information;
 Samsung's payment system will be "available
virtually anywhere you can swipe a card," said JK
Shin, the CEO of Samsung's mobile business.

15.  That's because in addition to NFC, it also uses
magnetic secure transmission (MST), which means
it will work with a store's standard credit card swipe
reader.
 That technology was acquired when Samsung
bought mobile payment tech company LoopPay in
February.

16. But it might not be quite as
easy to use

17.  Samsung might not be able to match Apple’s
streamlined set-up process.
 And though both can be unlocked with a
fingerprint, Apple Pay automatically launches when
it's near an NFC terminal, even if the phone is
sleeping. Then all you have to do is put your finger
on the Touch ID scanner.
 Samsung Pay requires you to choose a card, scan
your print, then tap to pay.

18. Like Apple Pay, it's only
available on certain phones

19.  In the same way that Apple Pay is only on the
iPhone 6 and 6 Plus, Samsung will launch
Samsung Pay on only a few phones.
 It will come automatically loaded onto the new
Galaxy S6 Edge and the +Note 5 which go on sale
August 21.

20. Mobile wallet war heats up
with Samsung Pay

21.  Samsung Pay works on more merchant machines
than any other option, but it’s competing in a hotly
contested market against Apple and Google.
 Samsung recently announced the U.S. launch of
its mobile-payment service called Samsung Pay.
 The service allows users to make payments from
their Samsung handsets at supported credit card
machines.

22.  Samsung noted that its technology supports more
credit card machines than Apple Pay AAPL 0.62%
and Google’s GOOGL 0.67% Android Pay.
 The claim was the first salvo in what is expected to
be a long battle not only with competitors, but also
traditional payment methods.

23.  Mobile wallets have grown in popularity thanks to Apple
Pay, which launched in 2014 The market was further
boosted this year by the launch of Android Pay.
 Mobile wallet technology uses near-field communication
chips in smartphones to let users make payments
remotely.

24. Mobile wallets store user credit cards and once a
user makes a purchase, a unique identifier code is
sent from the smartphone to the receiver.
 The payment is made and the credit card number
is never shared with the merchant.

25.  Trillions of dollars are spent each year in
commerce. By offering mobile wallets, companies—
like Samsung, Apple, and others—can get a small
slice of each transaction made through their
services.
 If mobile wallets take off the revenue opportunities
are massive.

26. Here's why Samsung Pay is
way better than Apple Pay
and Android Pay

27.  Samsung’s mobile payment service is accepted
almost everywhere and, unlike Apple Pay, works
with older retail terminals.

28.  Samsung Pay, the company’s mobile payment
service, launched in the U.S. this week.
 The service—previously only available to beta
testers—is designed to make purchasing items
easier by replacing your physical wallet with digital
versions of your credit and debit cards.

29.  The more common NFC is the same technology
found in Apple Pay and Android Pay, where
payment information is securely transmitted
between an NFC chip (found in the smartphone)
and an NFC reader (usually installed near the point
of sale machine).

30.  The downside to relying solely on NFC is its lack of
widespread adoption amongst retailers, since
vendors have to invest in new hardware in order for
the technology to work.
 Meanwhile, MST works by sending a small
magnetic signal from your smartphone to a credit
card reader, essentially mimicking the same signal
that’s produced when you swipe your card.

31.  Nearly all retailers have a credit card machine
which will allow Samsung Pay to work and doesn’t
require additional investment in infrastructure
and/or staff training to work.

32. Samsung Pay’s setup process is pretty standard as
far as these types of services go:
 Users only need to scan the card onto their
smartphone using the company’s complimentary
card reader,
 Accept service terms and conditions; and
 Then enter a verification code to confirm card
ownership.

33.  To make a payment, you swipe up from the bottom
of your device’s screen—something that can be
done even if the screen is turned off and the device
is locked—select the card you want to pay with, and
place a finger on the home button for fingerprint
authorization.

34.  The entire process takes seconds. You don’t have
to mess with a wallet, or dig through your purse to
find a card; you pull out your phone, swipe, and pay.
 It’s just as fast as Apple Pay or Android Pay, only
you no longer have to figure out if NFC payments
are accepted by the retailer.
 It’s important to note that Samsung claims its
mobile payment service will work at 95% of retailers
and with most older card readers, save for gas
pumps and ATMs.

35. Here's why Samsung Pay is
way better than Apple Pay and
Android Pay

36.  Tens of thousands of users are signing up daily for
Samsung’s mobile payment service.
In its first month in South Korea, Samsung’s rival to
Apple and Android Pay has rung up $30 million in
transactions.

37.  The figures are the first to be released by a major
company in the growing field of mobile payment
services;
 Which are pushing to become an alternative to
shoppers paying with cash or swiping their credit
cards at stores.
 Samsung’s data shows modest progress with its
service, but it also highlights how far there is to go
in its home country.

38. To use Samsung Pay, people open an account by
entering their credit card information.
 After that, they can pay for what they purchase by
merely tapping their phones on a point of sale
device that uses wireless technology.

39. Mobile Payment Battle:
Samsung Pay Vs. Apple Pay

41.  Apple Pay clearly has a current advantage as of
August 2015 in the mobile phone payment system
war by virtue of already being in the marketplace, a
number of analysts are giving the edge to Samsung
Pay before it has even entered the market.

42. One Crucial Difference

43.  Samsung Pay is due to launch in the United States in
September of 2015, and some analysts are already
predicting it will quickly overtake Apple Pay because of
one crucial difference: the ability to use the system in
many more retail locations.
 Both systems serve the same purpose, to enable
consumers to do card-free credit card transactions at
retail stores by using their smartphones, but there is a
significant difference in the operational technology of
the two systems.

44.  Apple Pay only uses the NFC, radio wave-based
technology, and therefore can only be used at
retailers that have the newer NFC reader-equipped
credit card machines.
 In contrast, Samsung Pay is capable of using both
NFC technology and the older MST, magnetic field-
based technology that still exists at the majority of
retailers.

45.  It is estimated that less than half a million retailers in
the U.S. have so far made the upgrade to NFC
reader-equipped card machines.
 The fact Samsung Pay is able to be used at millions
more retail stores than Apple Pay is the reason many
analysts are predicting Samsung Pay, although
arriving nearly a year behind Apple Pay, may
overtake the Apple, Inc. (AAPL) system in a relatively
short period of time.

46. A Possibly Short-Lived
Advantage

47. The caveat on the usability advantage for Samsung
Electronics Co., Ltd. (KRX: 005930) is it may prove to
be short-lived.

48.  NFC reader machines are already the standard in
Europe, and the likelihood is credit card companies
such as Visa and MasterCard, seeking improved
transaction security, will force U.S. retailers to
upgrade to the NFC machines in the near future.
Therefore, it is entirely possible that within 12 to 18
months of its introduction, Samsung Pay will have lost
its advantage in this area.

49. Ease of Use - Edge to Apple

50. The caveat on the usability advantage for Samsung
Electronics Co., Ltd. (KRX: 005930) is it may prove to
be short-lived.
 In regard to convenience and ease of use, the Apple
Pay system has a slight edge. Even if the phone is
locked, all iPhone users have to do is tap it to a
payment terminal and do the required fingerprint
scan.

51.  The process is a bit more involved for Samsung Pay
users, who must first select the credit card they wish
to use before tapping the phone to the terminal and
then authenticating the transaction with either a PIN
number or fingerprint scan.

52. Security - Edge to Samsung

53.  The basic security for mobile payment transactions is
provided by a secure element that actually authorizes
the transactions, either in the form of a chip or cloud-
based software.
 Both Apple Pay and Samsung Pay have highly rated
secure elements.

54. And both systems use what is called Mobile Digital
Enablement System tokenization, which refers to the
process where individual payment "tokens" are
created for each payment, so a consumer's card
number is never disclosed to the retailer.
 But Samsung Pay has an additional layer of
protection in the form of software that adds superior
real-time hacking surveillance.

55. Compatibilty – Edge to Apple

56.  Apple Pay is compatible with current iPhone models
and the Apple Watch.
 Samsung's system only works with its current
smartphone models.

57. One More Plus for Samsung

58.  Samsung has added another feature to its system
with Samsung Pay on TV service.
 Developed in conjunction with PayPal, this service
introduced on Samsung smart TVs in 2016 simplifies
the process of paying for television content by
reducing it down to, after an initial setup, simply
entering a PIN number.

59. Mobile Payments Showdown:
Apple Pay vs. Android Pay vs.
Samsung Pay

61.  The question you should be asking isn't whether one
of these is better than another—but is the one you
have better than credit cards.

62. Apple Pay

63. How it works
 After inputting your credit card information,
open Apple Pay at the register with your
fingerprint, select the card you want to use,
and hold your phone up to the terminal. Your
iPhone uses NFC (Near Field
Communication) technology to communicate
with the register.

64. Compatible phones
 Only Apple devices; iPhone 6 and
later.

65. Why it’s good
 The retailer doesn’t get your credit
card, which should prevent fraud.

66. Disadvantages
 Relatively few retailers accept Apple
Pay at the moment.

67. Samsung Pay

68. How it works
 Just like Apple Pay, you add your credit cards, open
the payment app, select a card, and tap your device
against the terminal to pay.
 But if there isn’t an NFC terminal, simply swipe the
phone as if it were a regular credit card.

69. Compatible phones
 Only Samsung phones; Galaxy S6,
Note5 or later.

70. Why it’s good
 It works everywhere, since it can mimic a
magnetic strip if NFC technology is
unavailable; retailers don’t get your credit
card info.

71. Disadvantages
 The non-NFC version is finicky.

72. Android Pay

73. How it works
 What used to be called Google Wallet uses NFC;
as with the others, simply select the credit card you
want to use from the app and tap your phone
against the terminal.

74. Compatible phones
 Android phones with NFC
technology.

75. Why it’s good
 It works with more than just Samsung
phones; many retailers accept it.

76. Disadvantages
 It works only with Android phones.

77. Samsung Pay vs Apple
Pay vs Android Pay: Which
Should Replace Your
Wallet?

79. Samsung Pay

81.  Samsung Pay uses two technologies to allow
you to pay for things almost anywhere you go:
NFC (near-field communication) and MST
(magnetic secure transfer).
 NFC uses a special chip in your phone that
lets it communicate with NFC-enabled
payment terminals.

82.  MST (Magnetic Secure Transmission) the
same technology that regular credit card
readers use.
 So you can use Samsung Pay at any nearly
credit card swipe terminal in the U.S. —
making it the most widely accepted mobile
wallet on the market. No one else comes
close.

84.  To use Samsung Pay, you swipe up from the
bottom of your phone’s home screen to pull up
your available credit cards.
 You then either enter your pin or use your
fingerprint to verify your identity.

85.  The phone sends out alternating NFC and
MST signals; whichever system your phone
detects first is the one it will use to complete
your transaction.

87. Apple Pay

89.  Apple Pay only uses NFC technology, which
means it can only be used at retailers with
NFC-enabled payment terminals.
 That significantly limits the number of places
you can use Apple Pay, so don’t automatically
assume you’ll be able to pay for your
microwave burritos at the corner market using
your iPhone.

91.  To use Apple Pay, you place your phone next
to a participating retailer’s NFC-enabled
payment terminal.
 Your iPhone will wake up and bring up your
default credit card. You then place your finger
over your phone’s fingerprint reader, and
you’re set.

92. Android Pay

94.  Android Pay works only at retailers that have
NFC-equipped payment terminals. That
automatically limits the amount of stores
where you can use your Android phone
instead of cash.
 It doesn’t currently with any apps, but
Google says it’s working on app integration in
the future.

95.  To use Android Pay, you simply have to
unlock your phone and place it over a
compatible NFC payment terminal. Your
handset will automatically detect your default
credit card, and that’s that.

97.  It works with any Android-powered
smartphone phone running Android KitKat 4.4
or later that has a built-in NFC chip. That
means there are dozens of Android phones
out there compatible with Android Pay.

98. The best mobile wallet is …
 Apple Pay is compatible with the most banks,
and Android Pay works with a huge number of
smartphones, but when it comes to mobile
wallets, Samsung Pay is the one service that
proves mobile wallets are ready for prime time.

99. References
 August 13, 2015. CBS Evening News. Samsung Pay aims to
revolutionize mobile payment. Youtube.com
https://www.youtube.com/watch?v=92hG40sWspc Retrieved Date:
October 20, 2015
 September 29, 2015. Wall Street Journal. Youtube.com. Samsung Pay
works where Apple Pay doesn’t.
https://www.youtube.com/watch?v=aT5jPJ1IWu0 Retrieved Date:
October 20, 2015
 September 20, 2015. Samsung Mobile USA. Youtube.com. Its not a
Phone, It’s a Galaxy: Samsung Pay

100. References
 October 16, 2015. The Dallas Morning News. Youtube.com. Tech review:
Samsung Pay vs. Apple Pay.
https://www.youtube.com/watch?v=A9AWoy9RtMQ Retrieved Date: October
20, 2015
 March 3, 2015. CNET. Youtube.com. Samsung Pay: Easy as a swipe and
tap. https://www.youtube.com/watch?v=03jSxIYhUu4 Retrieved Date:
October 20, 2015
 Samsung.com. http://www.samsung.com/us/support/owners/app/samsung-
pay Retrieved Date: October 20, 2015

101. References
 August 13, 2015. Amanda Schupak. CBSNews.com. Samsung Pay vs.
Apple Pay: How they compare. http://www.cbsnews.com/news/samsung-
pay-vs-apple-pay-how-they-compare/ Retrieved Date: October 20, 2015
 October 1, 2015. Don Reisinger. Fortune.com. Mobile wallet war heats up
with Samsung Pay http://fortune.com/2015/10/01/samsung-pay-mobile-
wallet-battle/ Retrieved Date: October 20, 2015
 September 23, 2015. Lenna Rao. Fortune.com. Samsung reveal first
numbers for its Apple and Android Pay rival.
http://fortune.com/2015/09/23/samsung-pay-traction/ Retrieved Date:
October 20, 2015

102. References
 September 10, 2015. J.B. Maverick. Investopedia.com. Mobile Payment
Battle: Samsung Pay Vs. Apple Pay.
http://www.investopedia.com/articles/markets/091015/mobile-payment-battle-
samsung-pay-vs-apple-pay.asp Retrieved Date: October 21, 2015
 October 9, 2015. Ethan Wolff-Mann. Time.com. Mobile Payments Showdown:
Apple Pay vs. Android Pay vs. Samsung Pay
http://time.com/money/4068133/apple-samsung-android/ Retrieved Date:
October 21, 2015
 September 29, 2015. Dan Howley. Yahoo.com. Samsung Pay vs Apple Pay vs
Android Pay: Which Should Replace Your Wallet?
https://www.yahoo.com/tech/samsung-pay-vs-apple-pay-vs-android-pay-which-

103. Thank you! 