Conclusion

Unlike all other mobile wallets, tokenized MST combined with NFC means you can use Samsung Pay virtually anywhere - securely, conveniently, and worry-free.

Adopting mobile payments amid the threat of data breaches and financial losses makes trust the paramount system attribute for Samsung Pay users. As a security advocate for consumers, card issuers, payment networks, merchants, and its users, Samsung Pay is secure by design and built to stay that way, using the latest technology for secure mobile payments.

The Trusted Execution Environment (TEE) leveraged from the Samsung KNOX platform ensures isolation of sensitive data. Tokenization replaces debit and credit card numbers, eliminating the threat of cybercriminals capturing personal and financial data at rest or in transit. Transactions must be authenticated with cryptograms, and cryptogram generation requires proof that the user attempting a payment has been authenticated with a biometric fingerprint or a PIN. In addition, remote management is available at any time, day or night, for every Samsung Pay user and card issuer.

Unlike all other mobile wallets, tokenized MST combined with NFC means you can use Samsung Pay virtually anywhere — securely, conveniently, and worry-free.

DISCLAIMER: With respect to this White Paper: Samsung Pay Security and any other documents available from this site or server, neither Samsung nor any of its affiliates or employees, makes any warranty, express or implied, including the warranties of merchantability and fitness for a particular purpose, or assumes any legal liability or responsibility for the accuracy, correctness, completeness or usefulness of any information, product, technology or process disclosed.