Green Dot to add P2P features to Samsung Wallet
Green Dot Corporation (NYSE: GDOT) today announced a new partnership with Samsung Electronics to add new features and functionality to Samsung Wallet, the secure, go-everywhere app for conveniently using and organizing daily essentials.
0
Leveraging Green Dot's comprehensive and configurable embedded finance platform, Arc, Samsung Wallet's U.S. users will soon have access to Tap to Transfer, a peer-to-peer (P2P) tool enabling users to quickly transfer funds within minutes3 from Samsung Wallet to other digital wallets or contactless debit cards, with additional features and functionality planned.
'We are thrilled to partner with Samsung to bring seamless and affordable financial services to their Samsung Wallet users, starting with Tap to Transfer, with more value-driven and user-focused innovations to come,' said Chris Ruppel, Interim President, Green Dot. 'Samsung's long history of innovation has established them as a powerful player in financial technology, and we look forward to growing the Samsung Wallet product with them through the power of our Arc platform for years to come.'
Arc is the embedded finance platform of services featuring all of Green Dot's secure banking and money processing capabilities designed to fuel value, loyalty and growth for consumers and businesses. Arc by Green Dot powers some of the world's most trusted brands and thousands of other businesses with seamless, secure and useful financial tools and experiences.
Integrated with Green Dot Bank, Arc provides partners with leading FDIC-insured banking products and tools, plus regulatory and compliance expertise, oversight and support. The Arc platform is cloud-based, modular and scalable by design - configurable to meet a wide range of business needs and goals, and flexible to adapt as our partners grow. Arc's end-to-end banking services are powered by enterprise-grade APIs and offer partners access to comprehensive customer support, fraud protection, the largest retail deposit and ATM network in the U.S., and much more. For more information, visit greendot.com/arc.
'Our partnership with Samsung presents an enormous opportunity to bring convenient and instant peer-to-peer payments to Samsung's vast user base,' said Crystal Bryant-Minter, SVP, Money Movement, Green Dot. 'It also exemplifies Arc's potential to power leading brands with seamless, secure financial experiences that deliver real value to everyday consumers.'
Samsung Pay allows users to tap to pay with Samsung devices anywhere near-field communication (NFC) is available, making in-store payments quick and secure and also allowing in-app and online purchases at participating merchants. Tap to Transfer expands payment options available to Samsung Wallet users by enabling P2P transfers not only between Samsung Wallet, but also third-party tokenized NFC card-based wallets like Apple Wallet® or Google Wallet™ and any other contactless chip-enabled debit card.
Samsung Pay, a service within the Samsung Wallet app, is a quick, easy and secure way for users to organize and access important documents and identifications - from bank cards and digital keys to travel passes, driver's licenses and student IDs - with just one swipe. The Samsung Wallet platform is protected by Samsung's security platform, Samsung Knox, which includes fingerprint recognition and encryption to make sure users' important data are protected. As Samsung continues to collaborate with Green Dot and leverage the support of its scalable and configurable integrated Arc platform, the capabilities of Samsung Wallet will continue to grow.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Independent
9 minutes ago
- The Independent
Budget airline axes all flights to US as airspace restrictions bite
An Icelandic-based airline has announced it plans to axe all its flights to the US, stopping trips to major cities like Washington D.C. and New York by the autumn. Low-cost airline Play operates flights between Iceland and destinations in the US and Europe, offering budget tickets on Airbus aircraft to and from its main hub, Keflavík International Airport. Play flies in and out of Iceland to European countries such as Denmark, France, Germany, and the United Kingdom. As well as Europe, the airline also directly links Iceland to Baltimore, Boston, and New York City. The airline operates on a hub-and-spoke model, meaning it uses one central airport, Keflavík, to connect to other airports around the world. Play launched its transatlantic flights in the spring of 2022, and has been flying to the US for just over three years. Play's hub-and-spoke routes have since financially underperformed, and an over-saturation in the transatlantic market has meant a growth in competition between airlines. Play will suspend its flights to New York Stewart on 1 September, followed by Boston Logan on 15 September, then finally Baltimore/Washington on 24 October. Its routes in Northern Europe are also expected to be scaled back due to Play dropping the hub-and-spoke strategy it has used since launching four years ago. The strategy has seen a loss of $20 million (£14.7 million) in 2024 in comparison to profits made in point-to-point European leisure markets. The restructuring will come as part of a proposed executive takeover by Play's CEO Einar Örn Ólafsson and Vice Chairman Elías Skúli Skúlason. In a notification to the Central Bank of Iceland, the executives said they plan to submit a voluntary offer for all outstanding shares in the airline via a new holding entity, Aviation Week reported. 'Due to airspace restrictions, several European airlines have redeployed capacity across the Atlantic, leading to overcapacity in the transatlantic market,' the offer document seen by Aviation Week says. 'Many carriers have suspended or terminated East Asia routes, facing a competitive disadvantage against Asian airlines still able to overfly Russia. 'This has increased pressure on transatlantic yields.' If the proposal is approved, Play's revised strategy hopes to target the leisure and VFR (visiting friends and relatives) market. The airline wants to target 'underserved sun destinations' and has recently announced new flights to Antalya, Faro and Agadir. 'We're focusing on the profitable aspects of the business—sun destination flights—and discontinuing those that have not yielded results,' Mr Ólafsson said. The airline will also offer wet-lease services, which provide short-term aircraft and crew to help other airlines fill gaps in schedules.
Geeky Gadgets
31 minutes ago
- Geeky Gadgets
iPhone Contact Posters: Your Personalization Guide
Apple's iPhone Contact Poster feature offers a creative and practical way to customize how your contact information appears to others. Whether you want to express your personality or make your details more recognizable, the video below from Apple will help you navigate the customization process. By the end, you'll understand how to design a Contact Poster that is both visually appealing and functional, making sure it integrates seamlessly across Apple devices. Watch this video on YouTube. Getting Started: Accessing and Editing Your Contact Poster To begin personalizing your Contact Poster, follow these steps: Open the Contacts app on your iPhone. app on your iPhone. Tap your profile at the top of the screen. Select Edit under the Contact Poster section. If this is your first time setting up a Contact Poster, your iPhone will guide you through the initial setup process. The interface is designed to be intuitive, allowing you to make adjustments quickly and experiment with various design elements. This ensures that even first-time users can create a polished and personalized poster with ease. Customizing Your Contact Poster Apple provides a range of tools to help you design a Contact Poster that reflects your unique style. Here are the key customization options available: Photo or Memoji: Add a personal touch by including a photo or Memoji. You can choose an image from your photo library or take a new one directly within the app. Cropping and alignment tools allow you to adjust the image for a perfect fit. Add a personal touch by including a photo or Memoji. You can choose an image from your photo library or take a new one directly within the app. Cropping and alignment tools allow you to adjust the image for a perfect fit. Font Styles: Select from a variety of font styles and sizes to display your name. This feature lets you emphasize your identity while making sure the text complements your overall design. Select from a variety of font styles and sizes to display your name. This feature lets you emphasize your identity while making sure the text complements your overall design. Background Colors: Customize the background with solid colors or gradients. Apple's extensive color palette enables you to find the perfect shade to match your aesthetic preferences. These tools provide full creative control, whether you prefer a minimalist design or a bold, vibrant look. Experimenting with these options allows you to craft a Contact Poster that truly represents your personality. Tips for Designing an Effective Contact Poster Creating a Contact Poster that is both stylish and functional requires careful consideration. Here are some tips to help you design an effective poster: Simplicity is Key: Avoid overloading your poster with too many elements. A clean and uncluttered design is easier to read and conveys a more professional appearance. Avoid overloading your poster with too many elements. A clean and uncluttered design is easier to read and conveys a more professional appearance. Use High-Quality Images: Ensure that any photos you include are clear and well-lit. Blurry or low-resolution images can detract from the overall impact of your poster. Ensure that any photos you include are clear and well-lit. Blurry or low-resolution images can detract from the overall impact of your poster. Prioritize Readability: Choose fonts that are easy to read. While decorative fonts can add flair, they should not compromise clarity, especially for essential details like your name. By following these principles, you can create a Contact Poster that stands out while remaining practical and visually appealing. How Your Contact Poster Integrates with Your Information The Contact Poster is more than just a visual enhancement—it integrates seamlessly with your contact details. When you share your information, your poster appears alongside your name, phone number, and email address, making it easier for others to recognize and remember you. This feature is designed to work consistently across Apple's ecosystem. Whether someone views your Contact Poster on an iPhone, iPad, or Mac, the design will remain intact, preserving its visual integrity. This ensures that your personalized poster looks professional and polished, regardless of the device being used. Compatibility and Requirements The Contact Poster feature is available on iPhones running iOS 17 or later. To use this feature, ensure your device is updated to the latest software version. While most recent iPhone models support Contact Posters, older devices may not due to hardware limitations. It's important to note that the Contact Poster is optimized for Apple's ecosystem. While it functions seamlessly with other Apple devices, its compatibility with non-Apple platforms may be limited. This makes it an ideal feature for users who primarily interact within the Apple ecosystem. Unlock more potential in iPhone Contact Poster by reading previous articles we have written. Source & Image Credit: Apple Support Filed Under: Apple, Apple iPhone, Guides Latest Geeky Gadgets Deals Disclosure: Some of our articles include affiliate links. If you buy something through one of these links, Geeky Gadgets may earn an affiliate commission. Learn about our Disclosure Policy.
BBC News
32 minutes ago
- BBC News
New offshore bank to launch in Guernsey
A Guernsey-based bank has received authorisation from finance industry officials to launch a new offshore said after getting a banking licence from the Guernsey Financial Services Commission that it expected to begin taking deposits in the second quarter of finance sector remains Guernsey's largest sector of employment activity and earnings, according to the States of Guernsey, add about £1.2bn to the economy, equating to 44% of the island's economic co-founder Jay Goss said the bank was a "commitment to ensuring the island remains relevant, resilient and ambitious on the global financial map". Aston Bank co-founder James Bennett said banking was "becoming a huge problem for offshore institutions"."We're building a bank that's faster, simpler, and more aligned with the needs of the offshore market," he leadership team includes chairman Kevin Brown, a veteran of the Bank of England and Royal Bank of Scotland; and chief executive Paul Gorman, formerly of Santander and Barclays, said Aston Bank.
