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CNET News - Wireless payments come to the Galaxy phones

2015-03-01
we believe that for any payment service to be successful universal acceptance is critical NFC is not universally accepted in the US for instance it limits your purchasing options to less than 10% of merchants that leaves a greater than 90 percent chance you won't be making a mobile purchase when you go shopping that's why we develop Samsung pay which will allow you to use your Samsung phone to pay anywhere that accepts credit cards debit cards or NFC thank with our innovative technology called MST Samsung solves the acceptance problem it's groundbreaking because MST allows you to use mobile payments even when a merchant only supports magstripe it's so simple to use you swipe up from the bezel to activate Samsung pay authenticate with your fingerprint and then tap it to the card reader and you're done
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