Program Accelerates Time to Market and Increases Consumer Availability for Global Roll Out of Samsung Pay
PURCHASE, N.Y. – September 8, 2015 – In support of its Digital Enablement Express program launched earlier today, MasterCard announced that Samsung has joined Express as one of the program’s first partners. Express expedites the process of digitizing and tokenizing MasterCard accounts – giving issuers the immediate ability to participate in Samsung Pay and enabling Samsung to bring secure mobile payments to consumers more quickly, and at scale.
“Partnering with MasterCard via Express ensures that Samsung Pay can be brought to millions of consumers globally in a scalable and efficient way that creates value for us and issuers,” said Injong Rhee, EVP of Samsung Electronics, Global Head of Samsung Pay. “We are excited to combine MasterCard’s Digital Express program with Samsung Pay to accelerate a digital payment experience that is simple, secure, and works virtually anywhere you can swipe or tap a card, in addition to all the benefits and guarantees that consumers have come to expect with every MasterCard transaction.”
Express allows companies such as Samsung to request payment tokens through the MasterCard Digital Enablement Service (MDES). This enables every MasterCard issuer to securely digitize tokens into millions of devices, Internet of Things (IoT) environments and Card on File systems, and provides consumers with easy access to secure digital payments like Samsung Pay.
“As every connected device can potentially become a secure payment device, we are excited to partner with a key player like Samsung for our Express program. Express is a powerful framework to help both Samsung and our issuers accelerate the time to market globally for secure digital payments via Samsung Pay,” Ed McLaughlin, Chief Emerging Payments Officer, MasterCard.
The MasterCard Digital Enablement Express Program is available today. For more information on how to participate, please visit https://www.mastercard.us/en-us/issuers/products-and-solutions/grow-manage-your-business/digital-commerce-solutions.html.
About MasterCard
MasterCard (NYSE: MA), www.mastercard.com, is a technology company in the global payments industry. We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MasterCardNews, join the discussion on the Beyond the Transaction Blog and subscribe for the latest news on the Engagement Bureau.
Media Contacts:
Brian Gendron
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Seth Eisen
Corporate Communications, MasterCard
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