The Canadian Credit Union Association (CCUA) announced that Steinbach Credit Union is the first Credit Union in Canada to launch Interac Debit on Samsung Pay. Steinbach Credit Union members can now make purchases directly from their chequing or savings accounts at retailers displaying the Interac Flash logo using eligible Samsung devices.
“Samsung Pay offers Canadian Credit Union members yet another digital payment option that is simple, secure and convenient,” said Martha Durdin, President and CEO, CCUA. “The Canadian Credit Union sector strives to provide the latest mobile payment options to meet the evolving needs of our members.”
Samsung Pay is a collaborative development involving some of Canada’s largest Credit Unions. CCUA partnered with Interac Corp. and Everlink Payment Services to deliver Interac Debit on Samsung Pay. It provides consumers with a seamless mobile payment solution that is designed for:
- Simplicity: To make a payment on Samsung Pay, users can simply swipe up, scan their fingerprint, iris or input their four-digit PIN, or tap
- Security: Samsung Pay uses three different levels of security to enable secure payments – Fingerprint Authentication, tokenization and Samsung KNOX, Samsung’s defense-grade mobile security platform
- Convenience: Users can pay at retailers displaying the Interac Flash logo
Samsung Pay is available for download from the Samsung Apps Galaxy Store and Google Play.