A mobile wallet is a game changer. When you free yourself from relying on your physical debit and credit cards, you can take advantage of a faster, more secure way to pay.
A mobile wallet (also called digital wallet) is an app you download to your smartphone or smartwatch. It securely stores your payment information from your PSECU debit and credit card so you can pay with just a few taps. You can easily add your PSECU cards to your mobile wallet through digital banking and start using them almost immediately.
In this post, we’re focusing on cards and the top five reasons you should set up your mobile wallet. To set up your mobile wallet, please refer to your device’s support page.
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1. Reduce the Risk of Lost and Stolen Cards
Once your cards are added to your mobile wallet, you don’t always need to carry your physical cards with you. That means fewer chances of losing your card or wallet, or having your card information fall into the wrong hands.
2. Pay Securely
Mobile wallet payments don’t reveal your debit or credit card numbers to the merchant. Instead, transactions are encrypted, tokenized, or both, which means the transaction data is useless to a hacker. This keeps your card details safe and explains why you may see a different number on your receipt or transaction history.
3. Save Time at Check Out
With a mobile wallet, you’ll breeze through checkout lines. You won’t have to fumble through your wallet for the right card. You also won’t have to play the “will it or won’t it” card acceptance game or take time to punch in your PIN. With just a few taps, your transactions will be completed, and you’ll be on your way.
4. Shop Online More Easily
When the retailer allows it, paying with your mobile wallet saves you from typing in your card number. Not only that, but if you don’t enter your number at that retailer’s site, that’s one less place it’s stored.
5. Get Perks and Discounts
Some mobile wallet apps offer promotions or discounts to encourage use. And when you pair your mobile wallet with the right card, you can make everyday purchases even more rewarding.
Mobile wallet is a simple way to make everyday payments faster, safer, and more convenient. When paired with our digital banking tools, they give you greater control over how – and how often – you use your cards.
Whether paying in-store, online, or on the go, mobile wallet helps make managing your money just a little easier.
The content provided in this publication is for informational purposes only. Nothing stated is to be construed as financial or legal advice. Some products not offered by PSECU. PSECU does not endorse any third parties, including, but not limited to, referenced individuals, companies, organizations, products, blogs, or websites. PSECU does not warrant any advice provided by third parties. PSECU does not guarantee the accuracy or completeness of the information provided by third parties. PSECU recommends that you seek the advice of a qualified financial, tax, legal, or other professional if you have questions.