Visa Inc. said that Samsung has joined the Visa Digital Enablement Program (VDEP) under a plan to offer secure mobile payments.
The VDEP offers a commercial framework that makes it easier for issuers and technology companies to access the Visa Token Service, the tech companies said.
Under the plan, Samsung will use the Visa Token Service (VTS) to offer secure mobile payments. By joining this programme, Samsung will be able to ensure financial institutions can offer Samsung Pay, which will ultimately help accelerate the availability of Samsung Pay for consumers around the world, the company said.
[blockquote right=”pull-right” cite=”Jim McCarthy, Executive Vice President of Innovation and Strategic Partnerships at Visa.”]“Samsung Pay is now one more way consumers can make secure payments based on tokens –technology that is quickly becoming the standard for safe mobile payments.” [/blockquote]