Money Matters: Mobile Wallets

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Hey! Do you know about the benefits of a mobile wallet?

Most smartphones today have access to a mobile wallet, which virtually stores payment card information, including credit cards, prepaid cards and checking accounts.

They can be used for both in-person and online purchases. To use the wallet to pay at a store, all you have to do is hold it near the payment machine and either type in your PIN number or approve it on your phone.

The wallet can store payment information, but can also hold things such as coupons, event tickets, or loyalty program cards.

Mobile wallets offer convenience in a variety of ways, including faster checkout times in stores, automatic application of loyalty reward programs, and ease in online shopping that removes the need to type in payment card numbers.

For more information on mobile wallets, visit southernbank.com/getwell. See you next time on Money Matters!

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