A mobile wallet is a digital way to store your credit and debit cards. Purchases can be made using a mobile smart device rather than a physical card.
This contactless, convenient payment system is the most secure way to pay at stores, hotels, or even for online purchases. Mobile Wallet encrypts every transaction, so the merchant cannot see your card information.
Most mobile wallets follow a similar process. You’ll add the cardholder name and the 16-digit card number, along with the expiration date and CVV number. You may be asked to verify your card information with a two-step authentication process. After that’s complete, you’re ready to begin using your mobile wallet.
Once you’ve loaded all of your cards, you’ll be able to see them all in your mobile wallet. You won’t be able to see the full 16-digits or any sensitive information.
Anytime you see a contactless payment symbol, you can pay with your contactless card or your mobile wallet. You’ll hold your phone or smartwatch near the payment reader. Your payment won’t go through until you verify the purchase with face or touch identification or passcode.
Benefits of Mobile Wallet
- Secure and convenient method of payment
- Contactless payment
- Millions of merchants accept mobile payments
- Improved card security
- Faster and easier purchases
