07 May

How to Set up Mobile Payments

Contactless Payments

Thanks to the contactless approach and current events, mobile payments are becoming increasingly common. Contactless payments are a simple way to make your purchases more secure and private — in fact, it’s as easy as a few taps to your smartphone or tablet.

RMLEFCU supports Apple Pay, Samsung Pay, Google Pay, and Visa Checkout on several devices. Not only are your purchases more secure, but you can also add membership and loyalty cards, and have a shot at other great rewards!

It not only limits the need to always bring a bulky wallet, but it also curbs the need to use your card (or cash) and punch your PIN in. That means less chance of coming into contact with germs — something that these days is all the more important.

Multiple Ways to Pay

Once you’ve set up your digital wallet, you have a lot of options to pay. You can hold your phone up to an in-store terminal instead of swiping your card. Some online shopping sites let you select your digital wallet as your payment option instead of entering your card information. You can also use your digital wallet for in-app purchases, and you can pay quickly and still get the benefits offered by many retailer-specific apps.

Your Information is Secure

Mobile payments have enhanced security features. Once you set up your digital wallet, your account details will not be stored on your computer. Each card is assigned a virtual card number that is only connected to the digital wallet and mobile device that you use. Don’t worry if you lose track of your phone — all digital wallet transactions require authentication that you set up, such as fingerprint scanning or an entered password.

More Ways to Pay

Digital wallets make shopping more seamless and also let you send money to almost anyone with a US mobile number or email address, no matter where they bank. Learn more about how to transfer money to friends and family in the US through the RMLEFCU mobile app.

How to Set Up Your Mobile Wallet

With these free services, instead of using your actual credit and debit card numbers for purchases, a unique “device account number” is assigned, encrypted, and securely stored.

When you make a purchase, the device account number, alongside a transaction-specific dynamic security code is used to process your payment. So, your actual credit or debit card numbers are never transmitted or shared with merchants.

In addition, paying is private — the cashier never sees your name, card numbers, or security code.

Setting up Your Mobile Wallet

How to add a card to Apple Pay:

  • On your iPhone, launch the Wallet app.
  • Tap the “+” symbol to add a new card.
  • Tap “Continue.”
  • Take a picture of your card or enter your card details manually.
  • Tap on “Review the Terms and Conditions” and tap on “Agree.”
  • Select method to verify your card.

How to set up a default card on Apple Pay:

  • Launch the Settings app.
  • Select “Wallet & Apple Pay.”
  • Select “Default Card.”
  • Select the card to use as your default.

How to add a card to Android Pay.

  • Launch the “Android Pay” app.
  • The app shows the cards already associated with that account.
  • Tap on the card you wish to add and follow the confirmation prompts.
  • To add a new card, tap the “+” symbol or “add a credit or debit card.”
  • Follow the activation prompts on the screen.

How to set up your mobile wallet on Android Pay:

  • Select the card you want to make your default.
  • Tap on “Set as default card.”

How to add a card to Samsung Pay:

  • Launch the “Samsung Pay” app.
  • Tap “Add.”
  • Tap “Add credit card or debit card.”
  • Take a picture of your card or enter your card details manually.
  • Review the terms of service and tap “Agree to all.”
  • Select an option to verify the card.

Setting up a default card on Samsung Pay:

  • Samsung doesn’t have the option to set up a default card.
  • When you open Samsung Pay, the most recently used, viewed or an added card will display.

Using mobile payments is quite simple and can save you loads of time. Plus, you don’t have to worry about handing your card over to a stranger or inserting it into a pin pad that could potentially have a card skimmer on it. Check out RMLEFCU’s digital banking services. Call us at 303-458-6660 if you have any questions about digital banking, mobile wallets, or your account!

31 Jul

Try Mobile Payments for a Faster, More Secure Way to Pay

Mobile Payments

Everyone these days has a smartphone, so why not use it to take advantage of the ability to make mobile payments for everything from groceries to online shopping? Not only is making a payment with your smartphone quick, but it will actually cut down on your risk of having your credit card information stolen. Your debit/credit card never has to leave your pocket and the merchant never has access to your information.

Easy to Set Up

Most smartphones come with an application to set up mobile payments, whether it be Apply Pay, Android Pay, Visa Checkout, or Samsung Pay. Add one or more of your debit/credit cards by entering the required information (card number, expiration, etc.) and save it your phone. It takes just about as long to set it up as it takes to make a purchase online, but you only have to do it once!

Better Protection Against Fraud

Each time you use a mobile payment instead of swiping your card, you decrease your chance of falling victim to credit card fraud. The merchant will never see your physical card and your unencrypted credit card information will never enter their system.

By not swiping your card, your risk of falling victim to a skimmer is eliminated as well. It is not uncommon for thieves to attach secondary skimmers to credit card readers and save your information to their machine in addition to the merchant’s device you intended to use. By not swiping your card, you will not have to risk your information being skimmed in this way.

Convenience

With mobile payments from your smartphone, your payment process will be cut down to a fraction of the time it typically takes with a chip card. No fishing through your wallet, swiping, waiting, entering your pin, waiting, then waiting some more as the clerk prints out your receipt. With mobile payments you simply place your phone over the cashier’s receiver and viola! You can grab your things and be on your way.

Have you ever been on your way to the store and realized you forgot your credit card? Or worse, gotten all the way to cash register and realized you won’t be able to pay for your items? With mobile payments, as long as you’ve got your smartphone by your side (and come on, who doesn’t) you will always have a way to pay.

Faster and More Secure

Add your credit and debit cards to your smartphone’s mobile payment app and benefit from both heightened security and enhanced convenience. Your financial information will never leave your hands and your time spent waiting on cash registers just got all but eliminated!