Another issue with Samsung pay is even if nfc is not used, over 50% of the card readers that I run across are chip only. This has made Samsung pay that much more useless.
I read, with interest, this notion that Samsung Pay may be end-of-life'd by chip-only readers (which, honestly, I've yet to see) and can view this as a valid proposition.
Something seems a bit amiss, however - and that would be the fact that so very many banks are coming on-board with Samsung Pay (and other device-based payment systems) every month. Certainly, if your supposition is correct, then the banks themselves must be aware that they are participating in a dead-end technology when they allow this. It would bring along questions about justifications for the costs of deployment and support for a system that they must know is about to be discontinued.
So, and I emphasize that this is purely anecdotal information, I contacted US Bank and expressed concern that I would not be able to use Samsung Pay in the near future.
After being passed around a couple of times, I reached what they purported to be their "Digital Wallet" group. This being a Sunday here in the US, I don't necessarily expect an answer that doesn't come from a piece of paper hung over the customer service representative's phone, but I was told that, what is apparently referred to as the EMV standard, will continue to work with the Samsung Pay (or "contactless payments", as I was told) for the foreseeable future. Additionally, apparently payments made with the Samsung Pay system will satisfy the merchant fraud liability clause that is enforced regardless if the merchant does or does not implement the EMV standard.
I suppose the discontinuation of the readers that are capable of processing NFC requests could be considered, but it would seem to be directly contrary to their best interests to do so. Samsung Pay, Apple Pay and Android Pay all have numbered days if this is to be the case.
I would be interested to know where, exactly, the information that you've received came from - as I will continue this inquiry with US Bank on Monday if for no other reason than personal curiosity.
Thanks in advance.