Just 10 days after Verizon announced that they would be supporting Samsung Pay, they are now ready to make this feature available on their latest Samsung devices. Verizon has started releasing updates for Samsung Pay-enabled devices such as the Galaxy S6, Galaxy S6 edge, Galaxy S6 edge+, and the Galaxy Note 5. If you own any of these devices, you can expect the service to become available in your device once you have gone through a standard update. Apart from Samsung Pay, Verizon's latest update includes some fixes for a vulnerability called Stagefright. These can be found on the update notes as referred to as "Security patches."
Once you have updated your system, you'll be able to download and install the Samsung Pay app as soon as you find it available on the Google Play Store. However, you'll have to keep checking for the app to be available as Samsung has not yet given an update on when the app will be posted. Another option is to check your app drawer since other carriers have reported that the Samsung Pay app automatically becomes available on their phone once the system update has been completed successfully.
As soon as you have installed the Samsung Pay app, you'll already be able to start using it in no time. You will need to enroll a card from one of the banks they have partnered with before you can start enjoying Samsung Pay service. As of this writing, Samsung Pay supports just five financial institutions: Bank of America, American Express, Citi Bank, US Bank, and Synchrony Financial. If your card isn't with one of these institutions, you'll have to check back for further updates until Samsung announces support for it. Since they are still working hard to support other banks, you can expect the service to be available soon.
On the other hand, if your card is from one of the banks mentioned and you meet the requirements, you can easily set up Samsung Pay on your device. Once you've done that, you can start using your phone to make purchases without having to worry about security risks that a physical credit card would be typically exposed to.