Republic Bank is now supporting Samsung Pay.
In a statement announcing its support for the mPayment platform, Republic Bank SVP Michael Sadofsky framed it as part of an effort to “continually look for innovative approaches to make the lives of our clients easier,” calling Samsung Pay “an easy, secure payment solution that allows our clients to bank when, where and how they want.” The bank also emphasized security and privacy, highlighting Samsung Pay’s use of tokenization in its statement.
Republic Bank also offers support for Apple Pay, which provides arguably more advanced security in the form of fingerprint-scanning verification for transactions. Samsung Pay also supports fingerprint verification, but it isn’t required; however, the platform may offer even greater convenience for mPayment users given the broader range of retailer compatibility enabled by its MST technology, which allows the system to emulate traditional swipe-based card transactions.
Comparisons aside, the bank’s support of both platforms greatly extends the availability of mPayment services to its customers. Republic Bank serves communities in Kentucky, Indiana, Florida, Tennessee, and Ohio, with 44 banking centers in total.