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Stock Market & Financial Investment News

News For SSNLF From The Last 14 Days
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August 13, 2015
12:03 EDTSSNLFDiscover to bring Samsung Pay to cardmembers
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11:02 EDTSSNLFSynchrony enables private label credit card benefits through Samsung Pay
Synchrony Financial (SYF) announced that the benefits and features available on Synchrony Bank-issued private label credit cards can be easily accessed by cardholders through Samsung (SSNLF) Pay, scheduled to launch next month. Leveraging both Magnetic Secure Transmission and Near Field Communication technologies, Samsung Pay is compatible with most existing payment terminals and allows Synchrony Financial's partners and customers to enjoy the benefits that our retail cards offer as well as the secure, convenient mobile payment functionality they desire. All of Synchrony Bank's Payment Solutions and CareCredit cards, including 12M average active accounts accepted at nearly 300,000 locations, are capable of being provisioned for Samsung Pay when it launches next month. The Samsung Pay app is locked by fingerprint or PIN making it immediately more secure than a traditional wallet. All Synchrony Bank private label credit card accounts in Samsung Pay will be device-specific and domain-restricted tokens, meaning they will only work in the merchant's store, providing additional security.
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