Samsung Pay: Will it let you leave your wallet at home?

Also, individuals can’t make in-app costs with the use of Samsung Pay now, but Graylin certain Tech Insider which typically it’s “on the highway map”. Discover cardmembers will obtain access to Samsung Pay in 2016. In contrast, Near Field Communication sensors require special point-of-sale systems that are not yet widely distributed.

Like Android Pay, Samsung Pay will use tokenized transactions. That means it should work with most existing equipment.

People may finally have a reason to truly leave all of their cards at home.

PCMag’s Sascha Segan got a Samsung Pay demo during his hands on with the new smartphones. After a few weeks of trials, the service will be ready in South Korea next week, August 20. We look forward to sharing more information closer to the launch. Samsung Pay will be available here in the US on September 28th and is launching next week in Korea.

Samsung’s original rollout plans, announced in March at Mobile World Congress, called for Samsung Pay to appear first in the U.S. this summer. You’ll have to use CurrentC.

The bigger advantage is security.

This option of contactless payment methods should only make the service easier to adopt when it’s rolled out to the UK later this year following its US and Korean debut. Instead a unique number is created, processed, and then discarded. To work, the substitute number must be paired with a one-time code generated by that device.

If you’re anxious about the phone tracking your history you can choose to opt out of that feature. Samsung KNOX uses tokenization along with the fingerprint authentication.

In case you’re concerned about skimming or accidental purchases, each transaction will need to be authorized. The phone figures it out automatically. You’re not likely to give the waiter your phone – let alone your passcode – to pay the check at a restaurant. “Or, open the LoopPay app, enter your PIN and select the card you wish to pay with and tap the image of the card on the screen”.

Why is Samsung doing this?

Now, here’s where things might get a little sour for Samsung fans rocking even slightly older hardware. The device is also compatible with SideSync which allows the contents of the phone screen to be projected onto a PC or laptop monitor.

The concept is very similar to Apple Pay.

During today’s announcement Samsung also announced that they are planning to launch Samsung Pay in the near future in United Kingdom, Spain and China.