With Mobile Pay, You Can Go Without a Wallet at Checkout

The New York Times – When you’re at the checkout line this holiday season, you could juggle your bags and dig into your purse or billfold for your credit or debit card. Or you could use that phone you’re already clutching, or that new smartwatch strapped to your wrist. Many stores now accept mobile wallets, a technology that lets customers make payments via smartphone or watch.

Still, many consumers are sticking with their cards due to concerns about safety or the familiarity of good old plastic. But if you’re ready to give mobile wallets a try, here’s what you need to know to get started.

WHERE MOBILE WALLETS WORK BEST.

HOW MOBILE WALLETS WORK.

MOBILE WALLET ADOPTION HAS STALLED.

Concerns about safeguards are another issue. Many consumers are more worried about the security of mobile wallet payments than traditional card payments, says Ryan Grogman, senior vice president and practice lead at Boston Retail Partners, a retail consulting company. But mobile wallets do have some security advantages over regular credit and debit cards.

HOW BANK INFORMATION IS KEPT SECURE.

Read Full Article: With Mobile Pay, You Can Go Without a Wallet at Checkout

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