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Teachers Mutual Bank Limited today announced it will be offering Samsung Pay to members of its Teachers Mutual Bank, UniBank, and Firefighters Mutual Bank brands.
Samsung Pay is a secure and easy-to-use mobile payments service available on compatible Samsung devices including the Gear S3 smartwatch and the Galaxy S8 and S8+ smartphones1.
The implementation of Samsung Pay for Teachers Mutual Bank Limited members is an innovation that will drive better customer outcomes through increased accessibility to funds for all members.
‘Teachers Mutual Bank Limited continues to embrace technologies that have the capacity to make life easier for our members. Samsung Pay is a great addition to our current payment platforms, and ensures that our members have the versatility of paying with their Samsung devices whenever and wherever is convenient’, said Teachers Mutual Bank Limited Deputy CEO, Brad Hedgman.
‘We are at the forefront of our industry, embracing innovative technologies like Samsung Pay that add value for our members’, said Brad Hedgman.
Samsung Pay has been designed to be a complete wallet replacement for users - making everyday payments and loyalty point collections simple and secure for Australians.
Mobile payments are made even simpler with Samsung Pay because the technology utilises Near Field Communication (NFC) and Magnetic Secure Transmission (MST). MST technology enables Samsung Pay to support partners that use a traditional mag stripe, commonly found on loyalty cards, gift cards and transportation cards, both in Australia and across the globe.
The announcement comes as Samsung Pay marks its first anniversary in Australia. Samsung Pay has more than 870 bank partnerships worldwide and has had more than 240 million transactions processed over the past year and a half.
For more information about Samsung Pay visit www.samsung.com/pay.
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For over fifty years Teachers Mutual Bank has provided key financial services to Australian educators. Now, Teachers Mutual Bank Limited is one of Australia’s largest mutual banks, comprising three brands: the original Teachers Mutual Bank, UniBank, and Firefighters Mutual Bank. With over 186,000 members and more than $6 billion in assets, Teachers Mutual Bank Ltd is one of Australia’s largest mutual banks. Teachers Mutual Bank continues to be passionate about assisting members secure their financial futures through superior member support and banking products.
Teachers Mutual Bank Ltd is a market leader in member advocacy in the Australian banking sector, and is also committed to strong standards of corporate responsibility through community investment and ethical business as one of the World’s Most Ethical Companies*.
For more information about Teachers Mutual Bank please visit: www.tmbank.com.au
For more information about UniBank please visit: www.unibank.com.au/
For more information about Firefighters Mutual Bank please visit: www.fmbank.com.au
*‘World’s Most Ethical Companies’ Award, from Ethisphere Institute. (Awarded, 2016, 2015, 2014)
About Samsung Pay- Samsung Pay, a mobile payment service from Samsung Electronics, is simple, safe and works almost anywhere you can swipe or tap your card. Combining NFC with Samsung’s proprietary MST technologies, Samsung Pay provides consumers with a way to pay almost anywhere you can swipe or tap a card at numerous of merchant locations. Samsung continues to strategically expand its partnership ecosystem for Samsung Pay to provide greater flexibility, access, and choice for customers while enabling an easy and safe payment experience. Samsung Pay is compatible with select cards and Samsung devices. Visit www.samsung.com/pay to learn more.
1 Samsung Pay is available on the Samsung Galaxy Note 5, Galaxy S6, S6 edge, S6 edge+, Galaxy A5, Galaxy A7, Galaxy S7 and S7 edge and from April 28, 2017, the Galaxy S8 and S8+. Compatible wearable devices include the Gear S2 and Gear S3 smartwatches. Samsung Galaxy S6 and S6 edge do not support the MST functionality of Samsung Pay.