Samsung Integrates Reloadable Digital Mastercard Tech in Samsung Pay for Smartphones

Global Payments’ Netspend digital Mastercard is the technology behind Samsung’s prepaid card, Samsung Pay Cash, it said Tuesday. The general purpose reloadable Mastercard is integrated into Samsung’s digital wallet, Samsung Pay, and will drive the Samsung Pay Cash service. The Netspend card, integrated with Samsung smartphones, allows users to establish a digital prepaid card within their mobile wallet to hold funds for spending and budgeting, it said. The prepaid card uses Mastercard token services, allowing users to store and use the card without having to expose card details, it said. More people are using their smartphones to manage financial tasks, and Pay Cash is like "cash in your wallet,” said Sang Ahn, Samsung vice president-division head, content and services.