Netease Technology News, May 28 news, according to foreign media reports, Samsung recently launched a new
Samsung Electronics North American Service Samsung Pay Vice President and General Manager Sang Ahn said:
Different from Apple credit cards, Samsung Money is not a credit card, but more similar to bank accounts or credit union accounts. cardholders will be able to check their balances, pause or restart consumption, freeze or unfreeze their cards, change passwords, all of which can be done through Samsung Pay applications.
Like Apple's credit card, the physical debit card issued by Samsung money does not display the card number, expiration date or card security code (CVV). If users need access to this information, they can find it in the Samsung pay application.
Samsung's announcement notes that account security is guaranteed and no account fees are charged. Furthermore, those who choose to use Samsung Pay savings will receive higher interest rates than the national average. Samsung Money by SoFi will be launched to u.s. customers later this summer and will be exclusive to those with samsung Galaxy smartphones.