Samsung, in partnership with technology company SoFi, which develops programs for financial accounting, introduced a plastic Samsung Money debit card with a cashback function and support for contactless payment.
The Samsung card is missing the number, issue date, CVV code and owner's signature. All bank card management is carried out through the Samsung Pay mobile application. Thus, if the owner loses the card or it is stolen, no one will be able to write off money from it. Let us remind you that a credit card offers a similar approach to the security system and financial transactions. .
You can order a Samsung Money card through the application only on Samsung smartphones. It will be delivered by mail.
Through the mobile application, the cardholder will be able to find out detailed information about the account status and all transactions performed. Your bank card account is automatically linked to Samsung Pay. As before, you can pay for purchases using your smartphone.
The cashback system - returning a small percentage of money from purchases made - is a rarely used option in the American market. At the time of card release, the company promises to support more than 55 thousand partner stores and services under the Samsung loyalty program. Having accumulated 1000 points or more, the cardholder will be able to spend them on various goods.
Unfortunately, the company does not indicate whether it plans to release the Samsung Money bank card in other countries. Apparently, for now we are talking only about the USA. There it will be available for order this summer.
Source: 3dnews.ru