This 10-page guide from Rambus provides an overview of Samsung Pay and introduces its key features, including security and authentication protocols.
‘What is Samsung Pay and how does it work?’ begins by explaining how and where the mobile payments service operates and by outlining the NFC and magnetic secure transmission (MST) technologies that it utilises.
The guide then gives a step-by-step description of how customers install Samsung Pay on a smartphone or smartwatch and carry out transactions using the service. It also looks at Samsung Pay’s deployment of security protocols such as tokenization and authentication technologies such as fingerprint recognition before laying out the benefits for both banks and consumers of using the mobile payments service.
This guide has been produced and sponsored by Rambus and has been approved by the NFC World editorial team.
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This 10-page document is available free of charge to NFC World Knowledge Centre members (PDF format, 3.8MB).
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This item is part of What's New in Payments.