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Samsung Pay offers a simple and secure way to make credit card purchases using compatible mobile devices.
However, is it really safe to use Samsung Pay?
Samsung has partnered with major financial institutions to protect your personal information, transactions, and payments. In addition to security measures implemented by Samsung Pay, Samsung's KNOX service continuously monitors device activities to defend against potential threats.
When Adding a Credit Card to the Service
When you add a payment card to Samsung Pay, the information is encrypted and sent to Samsung's servers as well as the card issuer (Visa, MasterCard, or American Express...) .
A password is required by the card issuer to verify that you are the cardholder. If your card is lost or stolen, this prevents the card from being added to Samsung Pay for further 'fraudulent' use.
>>> How to Set Up and Configure Samsung Pay Payment Cards
During Payment
When you make a payment, you need to authenticate using your fingerprint or Samsung Pay PIN before the information can be sent to the payment terminal device. The merchant only receives a token and your payment information remains securely stored.
After Payment Completion
In addition to receiving a payment receipt, you will also receive a notification on your phone. All data regarding recent transactions is known only to you, the card issuer, and your bank.
When Your Device is Lost or Stolen
If your device is lost or stolen, Samsung provides a free remote service. The service also has the ability to locate your device and erase all your stored personal information.
Thus, you can completely trust this convenient and secure payment service.
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>>> Guide to Using Samsung Pay and Important Notes
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