Samsung Expands Relationship with MasterCard, Joins the Digital Enablement Express Program

Program Accelerates Time to Market and Increases Consumer
Availability for Global Roll Out of Samsung Pay

PURCHASE, N.Y.–(BUSINESS WIRE)–In support of its Digital
Enablement Express program launched
earlier today, MasterCard
announced that Samsung
has joined Express as one of the program’s first partners. Express
expedites the process of digitizing and tokenizing MasterCard accounts –
giving issuers the immediate ability to participate in Samsung
Pay and enabling Samsung to bring secure mobile payments to
consumers more quickly, and at scale.

“Partnering with MasterCard via Express ensures that Samsung Pay can be
brought to millions of consumers globally in a scalable and efficient
way that creates value for us and issuers,” said Injong Rhee, EVP of
Samsung Electronics, Global Head of Samsung Pay. “We are excited to
combine MasterCard’s Digital Express program with Samsung Pay to
accelerate a digital payment experience that is simple, secure, and
works virtually anywhere you can swipe or tap a card, in addition to all
the benefits and guarantees that consumers have come to expect with
every MasterCard transaction.”

Express allows companies such as Samsung to request payment tokens
through the MasterCard
Digital Enablement Service (MDES). This enables every MasterCard
issuer to securely digitize tokens into millions of devices, Internet of
Things (IoT) environments and Card on File systems, and provides
consumers with easy access to secure digital payments like Samsung Pay.

“As every connected device can potentially become a secure payment
device, we are excited to partner with a key player like Samsung for our
Express program. Express is a powerful framework to help both Samsung
and our issuers accelerate the time to market globally for secure
digital payments via Samsung Pay,” Ed McLaughlin, Chief Emerging
Payments Officer, MasterCard.

The MasterCard Digital Enablement Express Program is available today.
For more information on how to participate, please visit https://www.mastercard.us/en-us/issuers/products-and-solutions/grow-manage-your-business/digital-commerce-solutions.html.

About MasterCard

MasterCard (NYSE: MA), www.mastercard.com,
is a technology company in the global payments industry. We operate the
world’s fastest payments processing network, connecting consumers,
financial institutions, merchants, governments and businesses in more
than 210 countries and territories. MasterCard’s products and solutions
make everyday commerce activities – such as shopping, traveling, running
a business and managing finances – easier, more secure and more
efficient for everyone. Follow us on Twitter @MasterCardNews, join the
discussion on the Beyond the Transaction Blog and subscribe for the
latest news on the Engagement Bureau.

Contacts

MasterCard
Brian Gendron, 914-325-1799
Product Communications
brian_gendron@mastercard.com
or
MasterCard
Seth
Eisen, 914-249-3153
Corporate Communications
seth_eisen@mastercard.com