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Samsung Pay streamlines checkout experience for Australian merchants

Tuesday 15 September 2020 10:43 CET | News

Samsung Electronics Australia has launched a new feature that allows Samsung Pay users to provide payment verification for high-value transactions directly from their mobile device. 

 

The Consumer Device Cardholder Verification Method (CDCVM) solution removes the need to touch a merchant Point Of Sale (POS) terminal, speeding up the payment process and helping to make the process more hygienic, according to whatech.com

In the region, for traditional, high value Samsung Pay mobile payments (typically more than USD 100, although this limit has recently been raised to USD 200 for some merchants), shoppers have been required to physically touch the POS terminal and enter their PIN number in order to authenticate the purchase. With the CDCVM solution, Samsung Pay users can authenticate high-value transactions directly from their mobile devices by using their fingerprint, PIN or iris.

CDCVM contactless payment is now available to Samsung Pay users following a software update. It is available for Visa, MasterCard, and American Express cardholders.


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Keywords: Samsung Electronics Australia, Samsung Pay, Australia, product launch, The Consumer Device Cardholder Verification Method, CDCVM, POS, mobile payments, contactless payments, payment processing, fingerprint PIN, American Express
Categories: Payments & Commerce | Mobile Payments
Countries: Australia
This article is part of category

Payments & Commerce