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People with Republic Bank credit and debit cards in their wallets may give a sigh of relief with the announcement that the bank has now teamed up with Samsung to begin offering their cardholders access to Samsung Pay.
The mobile wallet will let credit and debit cardholders pay at the register with a tap whether the terminal accepts the newer EMV-enabled cards or the older stripe-based cards. The addition of Samsung Pay is seen as a way to upgrade cardholders checkout experience.
"We continually look for innovative approaches to make the lives of our clients easier," said Michael Sadofsky, senior vice president of marketing. "We are excited to offer Samsung Pay as an easy, secure payment solution that allows our clients to bank when, where and how they want."
While using Samsung Pay people will still be able to earn rewards and have the same benefits that they normally get when using their Republic Bank MasterCard credit and debit cards. This includes earning including up to 1% cash back depending upon the card they have, no annual fee, and benefits, like Zero Liability Protection.
This news levels the paying field because the issuers already give them access to Apple Pay.
What's up with Samsung Pay?
With this mobile wallet, people can tap their phone on the terminal and make a payment. It is the only mobile wallet that works with all terminals, including mobile EMV and NFC technology. What does this mean for consumers? Simply put, if a terminal is older and only takes cards that you swipe to make a payment you can still use your mobile wallet by tapping and going.
To get started people do need to download the app it if its not already in their phone, and add their credit and/or debit card information. Once that is complete, when they get to the register they simply open the app, let the wallet know what card they want to use, and pay by using their fingerprint.
To keep security on point and outwit hackers along with the fingerprint authentication system they also included Tokenization and Samsung KNOX.