Pay with your phone- Is it safe?

It seems that every day you hear something about people getting hacked by using their credit cards. Hackers are always coming up with new ways to steal your credit card information. Just about everyone owns a smartphone. And just about every smartphone has the ability to be used as a payment method when you make a purchase.  Is this new way safer than using traditional cards?

The short answer is yes. If you use an iPhone it’s called Apple Pay, and if you use an Android phone it’s called Google Pay. Both types of methods use Near Field Communication (NFC) to make the transaction. Basically, there’s a chip in your phone that talks to a chip at the checkout terminal at your favorite store. There is no physical credit card involved, making the process a lot safer.

Setting up either payment method is the pretty much the same process. To make things safe and secure, you will need to have a passcode on your phone enabled. Depending on your phone, you can also set up a fingerprint or facial recognition. After that, you simply open up the “pay” app on your phone and take a picture of your credit card. After that, you can follow the on-screen instructions. You can add multiple credit cards added to your pay app. If you have an Apple Watch your payment methods will automatically transfer to your watch.  It really is that easy.

At the store, when it comes time to pay, all you need to do is hold up your phone near the device that you would normally swipe a credit card. This is where the safe part happens. Not only do you need to hold your phone up, but you also need to simultaneously use your fingerprint, facial recognition, or pin # to make the transaction. As long as you perform those two steps, you will get a green check on your device and the purchase will be made. It happens really fast, you will be surprised. You can also use this payment method at your favorite online retailer.

If a thief steals your phone, they will not be able to use your phone to go on a shopping spree because they will be lacking a fingerprint, facial recognition, or pin number. If they stole your actual credit card the outcome would be a lot worse. I’ve been using Apple Pay for a while and have never had a problem. It’s nice to leave your wallet at home when you go shopping!

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