Samsung Electronics Collaborates with KB Card and Amex on 'Location-Trackable IoT Card'

Samsung Electronics signed a 'Memorandum of Understanding (MOU) for the launch of an IoT (Internet of Things) card' with KB Kookmin Card and American Express (hereinafter Amex) on the 19th. The three companies agreed to collaborate to provide a credit card location tracking service based on Samsung's SmartThings Find platform.

SmartThings Find is a location tracking service that utilizes BLE (Bluetooth Low Energy) technology. It helps quickly locate various Samsung devices such as Galaxy smartphones, tablets, and wearables. By applying SmartThings Find to credit cards and connecting them to Samsung Galaxy smartphones, it can provide functions such as ▲IoT card location tracking domestically and internationally ▲notifications when the smartphone and IoT card move apart ▲finding the smartphone connected to the IoT card.

Samsung Electronics signed a Memorandum of Understanding (MOU) on the 19th with KB Kookmin Card and American Express to launch an IoT card, agreeing to collaborate on a credit card location tracking service based on Samsung's SmartThings Find platform.

Through this collaboration, Samsung Electronics will provide the technology for linking IoT cards with SmartThings Find, while KB Kookmin Card and Amex will be responsible for IoT card development, issuance, and payment systems. Park Chan-woo, Vice President of Samsung Electronics, stated, "Through this MOU, it will be possible to manage the location of various partner products such as credit cards as well as Samsung Galaxy devices," adding, "We plan to provide customers with higher satisfaction and value by utilizing the SmartThings Find platform."

This content was produced with the assistance of AI translation services.