For anyone who uses Simple as their bank, I have a theory for you and it all leads to very good things. According to emails being sent out to users, Simple is finally making the switch over to BBVA Compass, whom they actually joined back in 2014. Due to this change, Simple is requiring its users to switch accounts to BBVA Compass, as the online banking company will no longer use Bankcorp Bank accounts.
Now, while this sucks in terms of having to update your debit card numbers for monthly subscriptions and any bills you have set to auto-pay (Simple is sending everyone new debit cards), the implications of utilizing Compass BBVA over Bankcorp Bank are quite exciting. (more…)
Recently discovered, Samsung Pay for the Gear S3, Samsung’s latest smartwatch, is working for many smartphones on the market that aren’t made by Samsung. For example, if you utilize a LG G5 and a Gear S3, you can now use Samsung Pay from your smartwatch. Considering Samsung’s rather closed approach to its ecosystem in past years, this is pretty major. I mean, you couldn’t even use their smartwatches without a Samsung phone for a while, so this news is great. (more…)
Samsung Pay is introducing a rewards program for users this week, one that will have you racking up points for redemption towards new Samsung products, Visa prepaid cards, or even trips to Napa Valley or Las Vegas.
Samsung Rewards works like many other credit card rewards programs, but the added bonus is that it works for debit cards, too. Provided you use Samsung Pay to make a plentiful amount of purchases throughout the course of a month, you earn points on your Samsung account. There are varying loyalty tiers of point earning, such as double or even quadruple point earning, depending on how many purchases you make via Samsung Pay. (more…)
The last time we discussed LG’s place in the mobile payments ecosystem, it was reported that the company’s White Card would feature an IC chip. That was in May. Well, it’s late October now, and apparently, LG has abandoned all plans for that payments system, and instead, will simply incorporate MST (Magnetic Secure Transmission) into the upcoming G6. (more…)
The newly supported countries are Thailand, Malaysia, and Russia, bringing the total of supported countries up to 10 by the end of 2016. Additionally, Samsung is partnering with Mastercard to bring Samsung Pay to more places on the web via Masterpass, currently accepted at hundreds of thousands of merchants in 33 countries across the globe for online payments. (more…)
When mobile payments were first starting to become mainstream, the main issue folks had was the support or lack there of for their personal bank. For example, if you had Wells Fargo, but Android Pay didn’t support it, you obviously would not be using the service.
Now that mobile payments have matured quite a bit, with tons of banks supported by both Samsung Pay and Android Pay, it’s more than likely that you have a card that’s usable on either service. The question remains, though, do you even use it?
For me, my bank does not support Android Pay or Samsung Pay, which is something I despise them for. I will continue to publicly shame them on social media until they do.
What about you, do you mobile payment?
Samsung Pay, Samsung’s mobile and desktop payments platform, is now officially one year old. According to Samsung, the platform supports over 500 banks, representing over 80% of the US debit and credit card market.
To celebrate this joyous occasion, Samsung is adding in support for coupons. To break it down, Samsung Pay will feature a coupon service to search, store, as well as redeem coupons. Basically, if you frequently shop at a supported outlet, coupons will be posted inside of the app which you can claim and store, then redeem while you are doing your shopping. (more…)