The combination of mobile payments and innovative new mobile devices may soon allow millions of credit union members to literally wear their CUs.
We’re pleased to share the following guest blog post from BALANCE Financial Fitness.
It’s becoming more and more popular to use a mobile device like a smartphone or tablet to make purchases at a store, restaurant, flea market or just about anywhere. While this can make paying for goods or services a snap, you should always remember that with the ease comes a need for vigilance. Mobile wallet payments can be as safe as other types of transactions, but you need to take a few key steps before diving into this new type of purchasing.
Would you like to bypass the checkout line, and just use your Smartphone to pay for your store purchases? So would a lot of other people – particularly young people.
European payment firm Yapital had a survey conducted to find out how people felt about paying by Smartphone. Not surprisingly, support for such unconventional transactions was highest among younger shoppers.