Another US bank has announced its support for Android Pay.
Cleveland-based KeyBank claims to be one of the biggest financial services companies in the US, with parent company KeyCorp’s assets valued at about $94 billion. As such, it should help to give Android Pay a little boost in the US market, where the mPayment platform doesn’t seem to have attained the momentum of rival Samsung Pay, nor putative mPayment leader Apple Pay.
In a statement announcing its support, KeyBank emphasized Android Pay’s convenience, asserting that with Android Pay, “you can simply unlock your phone, place it near a contactless terminal, and you’re done!”
It is perhaps worth noting that KeyBank made no mention of security. Android Pay relies primarily on encryption to secure its transactions, while both Samsung Pay and Apple Pay employ biometric authentication via on-device fingerprint scan. Those mPayment platforms are also supported by the bank.