BRIDGEPORT, Conn., March 8, 2016 /PRNewswire/ -- People's
United Bank now offers even greater convenience, additional payment
options and more security with the launch of Samsung Pay, available
to People's United Bank debit card customers using compatible
Samsung devices.
Samsung Pay is accepted almost anywhere People's United Bank
customers using Galaxy S6 edge+, Galaxy Note 5, Galaxy S6 edge,
Galaxy S6 and Galaxy S6 active devices swipe or tap their
cards.
To make a payment on Samsung Pay, users can simply swipe up,
scan their fingerprint and pay. Samsung Pay uses tokenization,
Samsung KNOX, and fingerprint authentication to provide secure
payments. It is compatible with the majority of existing and new
terminals, including most magnetic stripe, EMV and NFC terminals.
This means that Samsung Pay works at more places than any other
mobile payment service.
"We continue to explore new ways to expand mobile payment
options for our customers, no matter what device they may prefer,"
said Ted Josephson, FVP, Payments
and Direct Banking at People's United Bank. "Samsung Pay's wide
acceptance and security are a perfect fit for the chip-enabled
People's United MasterCard® debit card, which also includes a cash
back Prewards program, identity theft alerts, and price protection
for qualifying purchases."
To learn more about People's United Bank support for Samsung
Pay, visit peoples.com/wallet. To download the People's
United Bank Mobile App, visit the Google Play™ or Amazon App
Stores.
Read more about People's United Bank Mobile Banking at
peoples.com.
About People's United Bank
People's United Bank, N.A.
is a subsidiary of People's United Financial, Inc. (NASDAQ: PBCT),
a diversified financial services company with over $39 billion in assets. People's United Bank,
founded in 1842, is a premier, community-based, regional bank in
the Northeast offering commercial and retail banking, as well as
wealth management services through a network of nearly 400 retail
locations in Connecticut,
New York, Massachusetts, Vermont, New
Hampshire and Maine.
About Samsung Pay
Samsung Pay, a mobile payment
service from Samsung Electronics, is simple, safe and available
almost anywhere you can swipe or tap your card. Combining NFC with
Samsung's proprietary MST technologies, Samsung Pay provides
consumers a way to pay almost anywhere you can swipe or tap a card
at millions of merchant locations. Samsung continues to
strategically expand its partnership ecosystem for Samsung Pay to
provide greater flexibility, access, and choice for customers while
enabling an easy and safe payment experience.
*Samsung Pay is compatible with select
cards, Samsung devices, and leading wireless providers. Visit
www.samsung.com/pay to learn more. Some card reader
terminals may require software updates to be compatible with
Samsung Pay.
People's United Bank. "What know-how can
do." ®
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SOURCE People's United Bank