Samsung Pay debit card created in collaboration with SoFi is now available in the US

Earlier this year in May, Samsung revealed that the company will soon launch an ‘innovative debit card backed by a cash management account’ by collaborating with SoFi. Today, the company has announced that customers in the US can now register to access the new mobile-first money management system called Samsung Money by SoFi.

Samsung Money by SoFi

Money by SoFi offers a cash management account that works in tandem with Samsung Pay, a debit card created in collaboration with Mastercard, and unlocks some exclusive benefits as well that will offer discounts on smartphones, accessories, and a host of appliances. The official press release mentions that there won’t be any account fees, overdraft fees, or transfer fees of any kind for creating an account.

Samsung Money by SoFi

Samsung says that as soon as users fund their new Samsung Money by SoFi account, they will instantly get a digital debit card that can be accessed from their Samsung Pay wallet while the physical card will arrive later. Users will also get reward points for every purchase they make. Additionally, the account management system is backed by the company’s own Knox security system.

The post Samsung Pay debit card created in collaboration with SoFi is now available in the US appeared first on Pocketnow.

Pocketnow Daily: iPhone 12 Date: Better Late than NEVER? (video)

It's only fair to share...Share on RedditShare on FacebookShare on Google+Tweet about this on TwitterPin on PinterestShare on Tumblr

https://youtu.be/uaC07cu36K8

Today’s deals include powerful gaming computers, the 12.9-inch iPad Pro and more

Deals. The Razer Blade 15 is currently $470 off, meaning you can get the 8th gen Intel Core i7, 16GB of RAM and 512GB of storage variant for $2130. B&H also has the 12.9in 2018 iPad Pro for $250 off, leaving the Wi-Fi only, 256GB of storage variant for $899. The Sony Xperia 1 is also $152 off, leaving that at $798 for the 128GB of storage configuration. We also have more deals on Acer Predator PCs, Samsung QLED TVs, Soundbars and more in the links in the description.

 
 
 
 
 
 
 

Samsung Money by Sofi will come to the US later this summer

Samsung just launched a new mobile money management system which pretty much competes with the Apple Card. It’s called Samsung Money by SoFi but unlike the Apple Card, it isn’t really a credit card. It’s actually more of a bank account or credit union where you get a MasterCard debit card that doesn’t show any of your information and it works with the Samsung Pay app. Your Samsung Money account will be FDIC insured for $1.5M and users benefit from Samsung’s “defense-grade” security from Samsung Knox. It’ll be available later this summer exclusively for US customers who own a Galaxy smartphone, Samsung promises a secure experience with no account fees.

The iPhone 11 is now the most popular smartphone in the world

We got some quarter results from Omdia and it just confirms that Apple made a big dent on the market with the iPhone 11. Last year the iPhone XR was the number 1 smartphone for Q1 with 13.6M units shipped, but this year the iPhone 11 surpassed it with 19.5M units, despite the pandemic. The phone that follows is the Samsung Galaxy A51 which sold 6.8M units and the iPhone XR is still in the top 5 with 4.7M units. Omdia still anticipates however, that smartphone sales will be down for the rest of the year due to the pandemic so numbers might change for Q2.

Google reveals Android 11 Beta Launch Show schedule on June 3. Here’s how to watch

Google is finally releasing the first Public Beta of Android 11 on June 3rd during their Beta Launch Show. If you want, you’ll be able to attend via YouTube through the Android Developers channel. The event will focus on the different announcements related to all the new features coming with Android 11, as well as Q&As with Google experts and more. We were also expecting to hear something about the Pixel 4a but with the recent delays that apparently won’t be the case. You can check for the events details in the links in our description. It’s not clear which devices will support the public beta on day one, but if you’re not using a Pixel, yeah that’s gonna be a tough one.

Samsung Galaxy Fold 2 could be launched in August, as it reportedly enters mass production

There’s been several rumors that we’ll finally be getting the Galaxy Fold’s successor with the Note 20 this year. Now we got a new report from a South Korean publication that claims that the Fold 2 has just entered mass production. This means we could start getting some official details as early as June. According to the Insiders, the Fold 2 will bring Samsung’s Ultra Thin Glass and it will cost less, despite upgrading to a 120Hz display. Recently we got some patents from Samsung which described how Samsung plans to make Foldables water resistant but it’s not clear if the Fold 2 will bring this feature. The company is expecting to sell 2.5-3M units this year, surpassing the original Fold.

Story of the day:

We may have to wait until November for the iPhone 12 series

It looks like we will have to wait for the iPhone 12 line-up after all this year. According to a new report, this year’s iPhones might be launched until November due to the pandemic. The report also predicts that Apple has 35M units in production for Q2 of 2020 which is 13% lower than what they had last year, but giving the time, we’re not sure if they’re talking about iPhone 12 production, which would be kind of early, or iPhone 11 production which is likely to take a dip. Regardless, we’re expecting 4 different iPhones, all 4 with OLED displays, 5G connectivity, a smaller notch and a boxier design which is reminiscent of the iPhone 4. We’re also hearing of different spec bumps like up to 6GB of RAM in the Pro models and the base storage at 128GB.

 

Subscribe:
http://bit.ly/pocketnowsub
http://pocketnow.com

Follow us:
http://flipboard.com/@Pocketnow
http://facebook.com/pocketnow
http://twitter.com/pocketnow
http://google.com/+pocketnow

The post Pocketnow Daily: iPhone 12 Date: Better Late than NEVER? (video) appeared first on Pocketnow.

It's only fair to share...Share on RedditShare on FacebookShare on Google+Tweet about this on TwitterPin on PinterestShare on Tumblr

Samsung Money by Sofi will come to the US later this summer

Samsung has been working on delivering a competitor to the Apple Card, and it was announced today on Samsung’s Newsroom.

The new Samsung Money by Sofi is a new physical card that will work with the Samsung Pay service. It would allow users to open private or shared accounts. It’s also a new “mobile-first money management experience that brings a cash management account and accompanying Mastercard debit card along with exclusive benefits to Samsung Pay, in partnership with innovative fintech company SoFi.”

Users would get a physical debit card, one which they would then activate with NFC. From there, they would be able to manage their finances, withdraw cash from Allpoint ATMs in the US without having to worry about fees. They would also gain access to the Samsung Rewards program to earn points with each purchase. Users would also be able to redeem cash rewards when they reach 1,000 points, and they would also get higher interest fees when saving money in the Samsung Money account.

“Samsung, SoFi and Mastercard team up to offer a simple and secure way to manage everyday finances—with a no-account fee, higher-interest earning cash management account and debit card within Samsung Pay”

Maybe the most interesting aspect of this Samsung Money card is that it doesn’t have a number or CVV written on it, meaning that this information would only be available through the Samsung Pay app. The service is still not available, but it will launch later this summer. You can also join the waiting list if you’re interested.

Source Samsung Newsroom

Via SamMobile

The post Samsung Money by Sofi will come to the US later this summer appeared first on Pocketnow.

Samsung Pay debit card is arriving this summer

As Samsung celebrates five years since the launch of its in-house mobile payment service – Samsung Pay – the company is looking at new frontiers to expand its adoption. The next step towards achieving that goal is a Samsung Pay debit card.

Sang Ahn, Vice President and GM of Samsung Pay, revealed in a blog post that Samsung will launch an “innovative debit card backed by a cash management account” in partnership with SoFi. The Samsung Pay debit card will arrive this summer, but there are no further details available as of now.

As for what a cash management account is, well, it combines the features and benefits of checking, savings, and investment accounts in broad terms. Samsung’s move is not unprecedented, as chief rival Apple already offers a credit card, and Google is reportedly working on its own version too.

Source: Samsung Newsroom

The post Samsung Pay debit card is arriving this summer appeared first on Pocketnow.

Apple Pay makes its long overdue debut in Brazil, at least for one bank’s customers

The long-awaited release of Apple Pay in Brazil is limited to one bank, while thousands of local retailers and dozens of apps and websites will support the service right off the bat.

The post Apple Pay makes its long overdue debut in Brazil, at least for one bank’s customers appeared first on Pocketnow.

Mexico now has Samsung Pay

It's second behind Brazil to get the mobile payments system which will be available for cards from three issuers and several banks.

The post Mexico now has Samsung Pay appeared first on Pocketnow.

LG Pay is likely launching as LG Wallet alongside the G7 in the US soon

The Korea-only LG Pay digital wallet platform has its sights set on the US market, according to reports, where it might be renamed as LG Wallet during H1 2018.

The post LG Pay is likely launching as LG Wallet alongside the G7 in the US soon appeared first on Pocketnow.

No Face ID rival for Galaxy S9, but Samsung could step up its iris recognition game

Samsung may need several more years to replicate Apple's Face ID magic, but in the meantime, the Galaxy S9 should sport a beefed-up iris scanner.

The post No Face ID rival for Galaxy S9, but Samsung could step up its iris recognition game appeared first on Pocketnow.