CONVENIENCE

Mobile wallets make everyday transactions faster, easier, and more organized. Instead of carrying a physical wallet or cash, you can simply tap your smartphone or smartwatch to pay in stores. Once your credit or debit card is added, you can use your mobile wallet to pay bills and shop with ease. But it’s more than just a payment tool—mobile wallets can also store your insurance cards, boarding passes, hotel reservations, event tickets, gift cards, coupons, and loyalty rewards. Everything you need, all in one place and ready when you are.

SAFETY

Mobile Wallets are a form of contactless payment that has become increasingly popular during the pandemic. After loading an eligible payment card into your payment-enabled phone or wearable device, you can complete transactions by tapping your device over a contactless-enabled payment reader. A contactless payment is just that-contactless; therefore, it doesn’t require physical contact between the buyer’s smart device or credit card and the point of sale. 

SECURITY

Mobile wallets provide a convenient, safer way to pay online or in-store. Your payment app (Apple Pay, Google Pay, and Samsung Pay) assigns each credit and debit card a unique number linked only to your device and wallet. When you complete a transaction using your mobile wallet, rather than the retailer receiving a 16-digit card number, they receive a randomly generated, one-time token that becomes useless after the transaction is complete. Plus, your mobile wallet requires authentication to access it, adding an extra layer of protection for both customers and retailers.

For more information on keeping your Mobile Wallet safe, visit our blog: 6 Steps to Keep Your Mobile Wallet Safe