“Ally Bank’s support of all major mPayment platforms highlights the growing presence of mobile payments in general, and may point to their eventual ubiquity.”
Ally Financial subsidiary Ally Bank is now offering customers Samsung Pay and Android Pay support. The move rounds out the bank’s support of the major mobile payment platforms, having enabled Apple Pay support this past March.
In a statement announcing the expanded mPayment support, CEO Diane Morais said it is “just another way to better serve our customers,” noting that it expands mPayment options “to a much larger base of Ally Bank customers, making banking easier and more convenient for them.” The bank’s statement also highlighted the security of both Android Pay and Samsung Pay, which is based primarily on encryption, whereas Apple Pay also employs biometric authentication via Touch ID.
Ally Bank’s support of all major mPayment platforms highlights the growing presence of mobile payments in general, and may point to their eventual ubiquity. But the institution may soon need to add another big name to its roster of support mPayment platforms, with Microsoft having just announced its own entry into the market—Microsoft Wallet.