Mobile Wallets: Everything You Need to Know

A mobile wallet is an app that stores your credit and debit card information, so you can make purchases and transfers through your phone, computer or watch without ever pulling out your cards. Elevations Visa ® credit and debit cards work with commonly used mobile wallets. Some widely used mobile wallet apps include Apple Pay®, Google PayTM, Samsung Pay®, Garmin Pay TM, FitBit Pay TM and Visa Checkout. 

Benefits of Using Mobile Wallets: 

Security — Mobile wallets pass an encrypted token, a random sequence of numbers, when you make a transaction. If hacked, that sequence of numbers is useless to the hacker. Magnetic stripe and chip readers, on the other hand, transmit your card data, making it easier for a hacker to steal and use.  

What if your phone gets stolen? Logging in to use your mobile wallet requires authentication — whether its facial recognition, a fingerprint, a PIN or another method you’ve selected. Also, if you’re not carrying your credit cards around, they are less likely to get lost or stolen. 

Convenience — You can say “goodbye” to a wallet or purse when you shop if you’re using a mobile wallet on your phone or watch. Many online retail sites also support mobile wallets, so instead of taking that extra step to search for your credit card and enter information, you can check out by simply clicking on the mobile wallet icon during the checkout process. 

Contactless (i.e., less germs!) — To use a mobile wallet at a cash register, you’ll simply place your phone in front of the credit card terminal to transmit the data. That means no need to press buttons or physically hand a card to the cashier.  

Adding Your Credit or Debit Card to a Mobile Wallet:  

  1. Download the app of the wallet you prefer. We’ve included a few quick links below.  

Apple Pay®Google Pay TMSamsung Pay®Garmin Pay TMFitBit Pay TM and Visa Checkout ®.

(Note: If you have an iPhone, Apple Wallet is already installed.) 

  1. Follow the app’s instructions to enter your credit and debit card information  
  1. Start using the app to pay wherever you see a mobile wallet logo  

And if you need help adding your Elevations cards to a mobile wallet, give us a call or chat with us in online banking secure chat! We’ll walk you through it, so contact us today. 

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