Samsung Money – Samsung Pay-linked Debit Card Program to Launch this Summer

0
37
Mitrobe Network

Samsung Money is the company’s new Samsung Pay-linked debit card program that they intend to launch in partnership with SoFi and Mastercard. Samsung has announced further details for its upcoming debit card program: it’s called Samsung Money by SoFi (which, as previously announced, is partnering with Samsung on the program), and it’ll tie in directly with the existing Samsung Pay app.
Originally announced earlier in May, today’s news offers more concrete information on what Samsung Money will actually offer specifically, a cash management account, and a Samsung Money debit card (a Mastercard issued by The Bancorp Bank).
Samsung is promising that Samsung Money will feature no account fees (although the fine print reserves the right to change that in the future) and “higher interest” compared to the national average (although Samsung doesn’t go into specifics).
A key part of the Samsung Money program is the Samsung Pay app integration: customers will be able to easily apply for the card directly from the app and start using it through Samsung Pay on their phones once approved before the physical card even arrives. Furthermore, you’ll be able to use the Samsung Pay app to check your balance, review past purchases, freeze your card, and flag fraudulent purchases.
All of those features, however, are pretty standard in today’s world of tech company-backed cards. Samsung Money, however, is looking to stand out with a few Samsung-specific perks. Purchases made with the Samsung Money card earn Samsung Rewards program points, which can be redeemed on future Samsung purchases.
Samsung also promises that Samsung Money accounts will be FDIC insured for up to $1.5 million (six times higher than the usual $250,000 guarantee of most debit cards). And through the SoFi partnership, Samsung Money customers will be able to use any of the 55,000 ATMs in the Allpoint ATM network without any charges.
Samsung isn’t the only tech company looking to expand into the world of finance: Apple, of course, has its full-fledged Apple Card credit card, Venmo has offered a debit card since 2018, and Uber offers branded credit and debit cards. Google is also rumored to be working on a similar debit card program that would tie into its Google Pay system for managing and tracking payments, much like Samsung’s new program.
The Samsung Money card will be available later this summer, but customers can sign up for the waitlist starting today on the Samsung website.
Samsung is one of the leading brands in terms of smartphone manufacturing. This new Samsung money will be automatically integrated into their newer devices and it presents a really good experience. You can join the waiting list to be up to date as to when the product is officially launched.

________________________________________________________________
>Do You Want To Receive Update As Soon As We Publish? join our Telegram Channel stay updated with the latest headlines--CLICK HERE
______________________________________________________________

◊SPONSORED ADS♦

◊Cure and Knock Staphylococcus & Other Infectious Diseases out from your Body within 3 weeks --CLICK HERE

◊Order Our Ultimate Virtual Soccer Hacks and Secretes to Win 100k Daily --CLICK HERE

◊Register Your Business Name With CAC and Get it in less than 2 weeks--CLICK HERE

◊JOIN US @TELEGRAM TO RECEIVE UPDATE CLICK HERE

◊Grab My Ultimate List of Over 100+ Companies That Pays You Up To $2500 To Blog and Post Online ( #3000 Only))- CLICK HERE

◊Get All Recruitment Jobs Past Questions and Answers--CLICK HERE
____________________________________________________________________

Leave a Reply