Ally Bank to Add Android Pay and Samsung Pay

  • Brad Bergan
  • March 18, 2016
  • 3

canstockphoto1592065Ally Bank will add Android Pay and Samsung Pay functionality “later this year,” Bank Innovation has learned.

These additions would join Ally’s Apple Pay service, which the bank introduced this week. In a fourth feature introduced in recent months to simplify and enhance customer use of Apple products for mobile banking, Ally began offering Apple Pay to debit card customers.

Ally also teased that “we have some other exciting things in the [mobile] pipeline that we can’t disclose.”

The addition of Apple Pay earlier this week puts the number of mobile features recently launched by Ally at four. Apple Pay comes after Touch ID, the Apple Watch ATM Locator and Ally Assist, giving Ally banking customers more opportunities to access and manage their accounts “on the go.”

Ally is working to assuage its customers’ desires for more and better banking technology. According to the bank, 66% of consumers prefer digital channels when concerned with payment options and banking desiderata. Ally now receives more than 80 percent of its customers’ check deposits through its Mobile Banking Ally eCheck Deposit feature.

To be sure, Ally is not an early Apple Pay adopter, obviously. In the last year, many banks, including American Express, Capital One Financial Corp., Bank of America, and Citigroup, brought Android or Apple Pay to market.

Perhaps this is because Ally was a early adopter of Popmoney, Fiserv’s P2P payments service. Ally started offering Popmoney back in 2013, a long time ago in payment time.

Ally Financial Inc., the bank’s parent [ticker: ALLY], has a market capitalization of nearly $9.2 billion.


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