Virtual Wallet
Are you intimidated by the idea of using the wallet on your smart phone? You probably have a lot of questions…
Is it safe?
What if I lose my phone?
How do I use it?
These are all valid questions. Before I get to that, thought, let me start by telling you why I love my virtual wallet.
No matter how much stuff I jam in there - it doesn’t weigh an ounce more.
I can find everything easily.
The security is state-of-the-art.
My wallet has a credit card or two in it - and I love that. It syncs to my watch so they’re there too, which is great. However, most of my wallet has things in it like “perk cards” for the movie theaters and stores I frequent, membership cards to my auto club and insurance company as well as gift cards to a variety of stores.
When I go to Walgreens, for example. I can open my virtual wallet and then hold my phone near the credit card reader and it will process my Balance® Rewards automatically as well as my debit or credit card payment. No need to touch the keypad to enter my phone number or PIN during cold and flu season - and it’s faster too. I call that a win!
Okay, but it is safe? In a word, yes. Your phone requires your passcode, your fingerprint or your FaceID to process the credit card - so if your phone is stolen, it can’t be used. Moreover, your credit card number is never transmitted - they use a one time only “token” that’s unique to that transaction, so even if the retailer’s records are stolen, there’s nothing valuable to steal. While nothing is perfect, this technology is the best available to date.
Worried about fumbling at the counter and feeling awkward? Everyone is getting used to this technology now, and it’s only going to continue to change… so call me and I can help you set it up and feel more confident at the register. Be brave and “charge” into the future…