South Korean electronics giant Samsung has joined forces with Verifone, a provider of payments and commerce solutions, to accelerate and simplify merchants’ ability to accept Samsung Pay.
Under the deal, Verifone will deliver software update to ensure merchants can use all of its MX Series payment devices to accept Samsung Pay from clients.
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Samsung Pay global co-GM Will Graylin said: "This partnership shows that Verifone and Samsung are committed to bringing better commerce experiences to the point of sale for merchants and consumers; and a fast path to acceptance is the first step in the journey."
Verifone Services executive vice president Vin D’Agostino said: "As we enable innovators like Samsung to create amazing experiences leveraging our products, we want to make sure that any form of payment consumers want to use can be accepted.
"Verifone’s partnership with Samsung allows both companies to help merchants and consumers to more quickly embrace the future of payments and commerce that stands to reinvent the in-store shopping experience."
Samsung Pay is a mobile payment service that combines Near-Field Communication (NFC) with Samsung’s proprietary Magnetic Secure Transmission (MST) technologies to deliver secure tokenized transactions for terminals that have EMV and NFC capabilities.
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By GlobalData
