Samsung Money debit card to launch this summer

Samsung unveiled Wednesday a new partnership with Mastercard and fintech company SoFi to offer a new "mobile-first money management experience" called Samsung Money.

The experience consists of a Mastercard debit card managed with the aid of online personal finance company SoFi. Samsung is also touting a lack of account fees, rewards for saving money, and exclusive benefits linked to the company's mobile payment and digital wallet service called Samsung Pay.

By enrolling in the Samsung Rewards program, Samsung Money users can earn points on every purchase made using Samsung Pay. If you have more than 1,000 Reward Points, they can be cashed in, with the money going directly into your Samsung Money account. Security is provided by the Samsung Knox range of security features typically found pre-installed on most Samsung phones, and the debit card doesn't show the card number, expiration date, or CVV number printed on it. Instead, they can be viewed through the linked Samsung Pay app. Read more...