5 Mobile Wallet Security Tips
Mobile wallets are a big step toward simplifying and streamlining our lives. Imagine not having a wallet stuffed with credit cards, membership cards, receipts and cash.
Whether you’re going to use your phone, tablet or smart watch as a mobile wallet — our security tips can help you make safe transactions.
Fraud protection. You’ll have some options for linking your mobile wallet to your credit card, phone bill or your debit card. Check into each option to see who has the best fraud protection. Linking to your credit card will give you the same level of protection you’d have if you used your card — linking to your phone bill or debit card may not offer that level of security.
Check app terms and conditions. It’s tempting to ignore the terms and conditions when you want to get in on the next app game craze, but you should always keep tabs on what information you’re giving away.
Use trusted apps. Once you’ve read the terms and conditions and are okay with them — use that app. Mobile apps have added security built in to protect your transactions. If you go to the site through a web browser you won’t get that extra protection.
Use a password. Create a strong password to protect your phone, tablet or smart watch. Then create a different one for your mobile wallet for an added layer of security.
Don’t use public Wi-Fi for sensitive data. Avoid the temptation to check your account balance when using public Wi-Fi. Think of it as letting someone peek over your shoulder at the ATM.
Your mobile wallet can be even more secure than carrying a credit card as long as you stay on top of mobile security tips and trends. With a little vigilance, you’ll be ready to embrace a tech-savvy future with less wallet clutter!
Related Topics: Finance