Samsung has officially launched its new money management
service. Dubbed Samsung Money by SoFi, the mobile service is
available to Samsung Pay users in the U.S., and will give subscribers
access to a cash management app and a Debit Mastercard, amongst
other benefits. Customers will find their digital debit card in their
Samsung Pay wallet as soon as they activate and fund their Samsung
Money account, and they will only need to tap their phone to
activate their physical card once they receive it in the mail.
The physical card will not display the user’s card number, expiration
date, or CVC number in order to make it more difficult for fraudsters
to get hold of that information. For added safety, Samsung Money
by SoFi comes with the defense-grade security of Samsung Knox,
which protects users’ information all the way down to the chip
level. And the FDIC insures every Samsung Money by SoFi account
up to $1.5 million (6x that of a traditional bank account).
date, or CVC number in order to make it more difficult for fraudsters
to get hold of that information. For added safety, Samsung Money
by SoFi comes with the defense-grade security of Samsung Knox,
which protects users’ information all the way down to the chip
level. And the FDIC insures every Samsung Money by SoFi account
up to $1.5 million (6x that of a traditional bank account).
Active Samsung Money by SoFi users will soon have access to
discounts on Samsung Galaxy smartphones, tablets, wearables, TVs,
laptops, washers, refrigerators and more on Samsung.com. It can be
instantly activated and has no fees. In addition, they will earn
Samsung Rewards points for every purchase made within Samsung
Pay. An added benefit for Samsung Pay users is being able to fund
Samsung Money by SoFi account instantly from other registered
debit cards already in Pay wallet.
discounts on Samsung Galaxy smartphones, tablets, wearables, TVs,
laptops, washers, refrigerators and more on Samsung.com. It can be
instantly activated and has no fees. In addition, they will earn
Samsung Rewards points for every purchase made within Samsung
Pay. An added benefit for Samsung Pay users is being able to fund
Samsung Money by SoFi account instantly from other registered
debit cards already in Pay wallet.
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