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What You Need To Know About Mobile Wallets


Making Purchases Has Never Been Easier.

Payment methods are being redefined, and next month we’re bringing you the chance to join the tech revolution with Apple, Samsung, & Android Pay. Here’s 5 things to know before you get started with your digital wallet technology this June:

using a mobile wallet

1. It’s super easy to get. Depending on your device, you can download Apple Pay from the App Store, Android Pay from Google Play, or Samsung Pay from the Galaxy App Store. You’ll need your device, the app, an I.D. & password for your device account (such as an Apple ID and password) and your credit/debit card from an authorized, participating credit union. Have all those? You’re ready to go!

2. Check your device for compatibility. For Apple Pay, you need to have a device with touch-ID and the newest version of iOS, which includes the iPhone 6 and newer, the iPad Mini 3, iPad Air 2, and the Apple Watch. For Samsung, you have to have the S6 or newer, including the Note 5. For Android, it’s any smartphone or tablet running Android 4.4 or above containing an NFC chip. See the Apple, Samsung, and Android sites for more specifics.

3. Your digital wallet features are going to be different based on your device. Both Apple and Android Pay are only supported by Near Field Communication (NFC) terminals. Many large chain retailers have NFC technology (here’s a list!). Samsung Pay, on the other hand, works at NFC terminals but also uses Magnetic Secure Transmission (MST). This technology works like the magnetic strip on a credit card, allowing those with Samsung Pay to use it wherever cards are accepted.

4. Your information is safe. Don’t worry, you won’t complete a transaction without authenticating that it’s you! Apple will ask you to enter a pass code or use Touch ID, Samsung will have you use your fingerprint, and Android will have you use a pin, password, or pattern . None of these apps will send your card or identity information to the business, either. They use virtual account numbers and encrypted “tokenized” numbers in transactions to keep your information safe. All Apple, Android, and Samsung phones have technology that will allow you to lock your device or wipe it clean if it is ever lost or stolen.

5. It’s not just for in-store purchases. To make things even better, your mobile wallet will allow you to pay online or in apps with 1 simple authentication step. There’s no need to tediously type out your card number anymore. Now, shopping Amazon, Ebay, or other online retailers just got even easier.

Digital wallets will be available at GLFFCU starting on June 20th, and we’ll be here to help with any questions you might have.

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