Samsung Pay 2016 AH (6)

Samsung Pay to Gain TD Bank Support Soon

April 18, 2016 - Written By Daniel Fuller

Samsung Pay didn’t take long after launching to cement its place among the top mobile payment solutions in the world. Being bundled on Samsung’s flagship devices made its use a no-brainer for one of the largest crops of smartphone buyers out there, but the presence of magnetic secure transmission sweetened the deal significantly by allowing Samsung Pay to work anywhere a traditional debit or credit card could be used. Even with that level of convenience, however, Samsung Pay is useless to anybody who banks with an establishment that’s not supported, leaving a decent amount of would-be users out in the cold. As such, Samsung has been steadily adding support for new banks, with TD Bank being the latest to get support.

Samsung made an announcement on Monday that Samsung Pay will be getting support for TD Bank in the very near future, with customers of TD Bank able to add their credit and debit cards to Samsung Pay and use them at any terminal where their physical card would be accepted. Along with the update to support TD Bank, members of around 60 credit unions across the United States will be joining the ranks of Regions Bank and Wells Fargo customers who can use their phone as their payment card. All of the normal security measures, including Samsung’s KNOX and the fingerprint scanners on customers’ devices, will be fully supported on launch.

No exact timeline was given for support for TD Bank and the various credit unions included in the announcement, but the wait is unlikely to be terribly long, with the official announcement of support out. Samsung Pay is currently supported on most current Samsung flagship phones, including the Galaxy S6 range, Galaxy S7 range and the Galaxy Note 5. Although this announcement regards a bank in the United States and thus, for the most part, only concerns U.S. users, Samsung Pay is supported in a number of countries all around the world, including China and South Korea, with plans to roll out in Canada in the near future. The service also tends to be promoted by banks, Samsung themselves and even wireless carriers, with deals offered to new users or frequent users every once in a while.