Tuesday, 15 September 2020 11:45

New verification process for bigger payments on Samsung Pay

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New verification process for bigger payments on Samsung Pay Image by Republica from Pixabay

Samsung Electronics has developed a new method for users of its Samsung Pay mobile payment service to verify bigger payments, like those over $100 or  $200, without touching a point-of-sale terminal.

Instead, Samsung said in a statement on Tuesday, users could verify such purchases from their mobile devices using a fingerprint, PIN or iris.

The new method has been christened Consumer Device Cardholder Verification Method and is claimed to make the process faster and more hygienic.

This solution is available to Visa, MasterCard and American Express card holders.

The company claimed the feature had been developed after an increase of 35% in monthly transactions and 16% growth of monthly active users this year.

No base figures were provided to indicate from what number these increases had taken place.

“The launch of Samsung’s new CDCVM solution is the result of our ongoing investment in offering our Australian customers with the best possible digital wallet experience,” said Mark Hodgson, head of Services at Samsung Australia.

“CDCVM provides users with a payment experience which is both convenient and secure, and faster at the checkout.”

Axel Boye-Moller, Visa’s head of Product for Australia, New Zealand and South Pacific, said: “As more Australians tap their phones and watches to pay, Visa works to ensure these technologies not only meet, but exceed, expectations of security and convenience.

"Partnering with Samsung Pay to enable CDCVM is another way we’re delivering on this promise, making for a richer, more relevant consumer experience."


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Sam Varghese

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Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

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