BASKING RIDGE, N.J., Feb. 26, 2016 /PRNewswire/ -- Affinity Federal Credit Union, New Jersey's largest credit union, has added Android Pay and Samsung Pay to its portfolio of offerings. Android Pay and Samsung Pay join the growing category of service that has transformed mobile payments with an easy, secure and private way to pay for goods and services.
"Integrating Android Pay and Samsung Pay with our existing offerings enables Affinity to stay at both the forefront of protecting our members' personal information, as well as at the head of the technological curve," said John Fenton, President and CEO of Affinity. "The two platforms are also fast, easy and convenient to use—product attributes we always strive to give to our members."
Samsung Pay uses Magnetic Secure Transmission (MST), which transmits a magnetic signal that imitates the magnetic strip on a traditional card. Samsung Pay's ability to use both MST and the similar Near Field Communication (NFC) technologies enables it to be accepted at 90% of payment terminals.
Android Pay and Samsung Pay are safe ways to pay—thanks to tokenization, which is the new industry standard for secure payments. Credit card numbers aren't stored on phones or given to merchants with payment. Instead, both use a virtual account number to represent an individual's account information—providing an extra layer of security.
Affinity is pleased to now support Android Pay and Samsung Pay, as well as Apply Pay that was added last February. Affinity is dedicated to exceeding its members' expectations. The organization keeps its finger on the pulse of technology and continually offers products that make its members' lives easier and better.
About Affinity Federal Credit Union: Affinity Federal Credit Union is the largest credit union headquartered in New Jersey. With over $2.3 billion in assets, Affinity has a network of more than 135,000 members from over 2,700 businesses, organizations and clubs throughout the country. Affinity members have access to a network of over 5,000-shared branches and nearly 30,000 surcharge-free ATMs nationwide. The credit union is a member-owned, not-for-profit, full-service financial institution that has been offering superior financial services for consumers and businesses with a member-oriented focus since 1935. Federally insured by NCUA. For more information, please visit www.affinityfcu.com, Facebook (AffinityFCU) or Twitter (@AffinityFCU).
Android Pay is a trademark of Google Inc.
SOURCE Affinity Federal Credit Union