March 08, 2016
PEOPLE’S UNITED BANK LAUNCHES SAMSUNG PAY FOR MOBILE BANKING CUSTOMERS
BRIDGEPORT, CT– People’s United Bank now offers even greater convenience, additional payment options and more security with the launch of Samsung Pay, available to People's United Bank debit card customers using compatible Samsung devices.
Samsung Pay is accepted almost anywhere People’s United Bank customers using Galaxy S6 edge+, Galaxy Note 5, Galaxy S6 edge, Galaxy S6 and Galaxy S6 active devices swipe or tap their cards.
To make a payment on Samsung Pay, users can simply swipe up, scan their fingerprint and pay. Samsung Pay uses tokenization, Samsung KNOX, and fingerprint authentication to provide secure payments. It is compatible with the majority of existing and new terminals, including most magnetic stripe, EMV and NFC terminals. This means that Samsung Pay works at more places than any other mobile payment service.
"We continue to explore new ways to expand mobile payment options for our customers, no matter what device they may prefer," said Ted Josephson, FVP, Payments and Direct Banking at People’s United Bank. "Samsung Pay’s wide acceptance and security are a perfect fit for the chip-enabled People's United MasterCard® debit card, which also includes a cash back Prewards program, identity theft alerts, and price protection for qualifying purchases."
To learn more about People’s United Bank support for Samsung Pay, visit peoples.com/wallet. To download the People’s United Bank Mobile App, visit the Google Play™ or Amazon App Stores.
Read more about People's United Bank Mobile Banking at peoples.com.
About People’s United Bank
People's United Bank, N.A. (NASDAQ: PBCT) is a subsidiary of People's United Financial, Inc., a diversified financial services company with over $39 billion in assets. People's United Bank, founded in 1842, is a premier, community-based, regional bank in the Northeast offering commercial and retail banking, as well as wealth management services through a network of nearly 400 retail locations in Connecticut, New York, Massachusetts, Vermont, New Hampshire and Maine.
About Samsung Pay
Samsung Pay, a mobile payment service from Samsung Electronics, is simple, safe 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 and safe payment experience.
*Samsung Pay is compatible with select cards, Samsung devices, and leading wireless providers. Visit www.samsung.com/pay to learn more. Some card reader terminals may require software updates to be compatible with Samsung Pay.
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