What is a digital wallet?
A digital wallet is a place to store your bank cards securely in a mobile app or wearable device. It’s not just for credit and debit cards – you can also store loyalty cards, plane tickets, bank account information, gift cards, and more. The best part is that it’s compact, easy to access, and provides a safer alternative to carrying around a physical wallet.
With a digital wallet, you can use it for in-person, online, and even in-app purchases. You can also make contactless ATM withdrawals and even send person-to-person payments. The added layer of security is a big plus – your data is encrypted, so you don’t have to worry about your card being lost or stolen.
Making Purchases Using a Digital Wallet
Most digital wallets work at any location, including ATMs, where the contactless symbol is displayed. Payments are as simple as authorizing the device and holding it near the point-of-sale reader – similar to tap and pay contactless card payments.
To make a mobile payment, simply authorize the digital wallet and hold it close enough to the card reader so that your information can be transmitted. For making purchases online, look for the option to pay such as Apple Pay or Google Pay.
Benefits of Paying With Your Phone
Secure
Data is encrypted and oftentimes, specific card information is not shared with merchants, allowing you to enjoy more secure payments.
Convenient
There’s no need to carry a physical card or cash when your digital wallet can be used almost anywhere that accepts contactless payments. And, for online purchases, shipping and payment information will autofill.
Quick
Payments are streamlined simply by authorizing your device; there’s no need to insert a card and wait for card authorization.
How to Set Up Digital Wallet
Apple Pay Instructions
- Open the Wallet app
- Select the “+” icon in the top corner
- Follow enrollment prompts
- Review the Terms and Conditions
- You may be asked to verify your card
Google Pay Instructions
- Open the Google Wallet app
- Select Add to Wallet “+” at the bottom
- Select Payment card
- Any cards you saved to your Google Account are shown
- Select new credit or debit card and follow enrollment prompts
- Review the Terms and Conditions
- You may be asked to verify your card
Samsung Pay Instructions
- Download and open the Samsung Pay app
- Select Menu in the top corner, then select Cards
- Select Add Card
- Follow enrollment prompts
- Review the Terms and Conditions
- You may be asked to verify your card
Garmin Pay Instructions
- Open the Garmin Connect app
- Select Garmin Pay
- Select Get Started
- Follow enrollment prompts
- Review the Terms and Conditions
- You may be asked to verify your card
