Mobile Wallet: A Helpful Guide
What are Mobile Wallets, and how do they work?
Mobile Wallets are "wallets" that are housed on your mobile device and allow you to store your credit, debit, and gift card information securely on your device to pay for transactions. It can even help you keep track of your rewards and loyalty cards, such as your grocery store rewards card. A Mobile Wallet can be used on your phone, tablet, or smartwatch.
Most of our phones already come with the "wallet" app built in. The most common Mobile Wallets are Apple Pay, Google Pay, and Samsung Pay.
Are Mobile Wallets secure?
Information that you upload to your Mobile Wallet gets encrypted, making it potentially more secure than your physical card.
If your phone is lost or stolen, you can contact your carrier or the device maker and have them lock or erase your phone. You can also enable two-factor authentication which could include setting up a personal identification number or a fingerprint or face recognition requirement to unlock your phone.
Additionally, there are features and apps, such as Find My iPhone for Apple, that can help you locate your device if ever misplaced.
Are they easy to use?
Yes! With Mobile Wallet, you simply add your debit or credit card within the app. Then go to the store, open the app (most can be opened with a swipe or a click), hover over the card scanner, and you’re done. The whole process takes place in a matter of seconds, getting you on your way in no time.
You can use your Mobile Wallet to make payments anywhere you see these symbols:
Mobile Wallets are quick and secure. So, next time you’re in the checkout line, give it a try and be on your way with just a tap.