PITTSBURGH, Oct. 27, 2015 – PNC Bank announced today that it will offer its customers access to Samsung PayTM which will begin rollout later this year.
Samsung Pay allows customers who register their PNC consumer or small business debit or credit cards to make purchases using eligible Samsung mobile devices at participating merchant locations.
Customers using the Samsung Galaxy S6, S6 Edge, S6 Edge+ and Note 5 will be eligible to use the service. Samsung PayTM can be used at most locations where customers swipe their card or tap their phone to pay.
With Samsung Pay, the customer’s card number is never stored on the physical device, and is never shared with the merchant when purchases are made at the point of sale. Instead of using the customer’s credit or debit card number, a virtual account number along with a dynamic, transaction specific security code is used to process payments.
With Samsung Pay, PNC Bank debit and credit cards transactions are still protected by PNC Security Assurance.
PNC Bank, National Association, is a member of The PNC Financial Services Group, Inc. (NYSE: PNC). PNC is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking; residential mortgage banking; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management. For information about PNC, visit www.pnc.com.
CONTACT:
Alan Aldinger
(412) 768-3711
alan.aldinger@pnc.com
