Eric Perron, AVP, Information Technology | Originally published 03/17/2020. Update 11/10/2020
Simplicity & Security. Those are two great feelings to have throughout your hectic day. Between running the kids to practice and prepping for your meetings – wouldn’t it be nice to save a little effort somewhere in your routine?
Enter digital payments, now available for your Personal and Business Waterford Bank, N.A. Debit Cards, with availability coming this December for your Waterford Credit Cards. With a straightforward setup process, you can access Apple Pay, Google Pay, or Samsung Pay through your eligible devices to make getting through the checkout a breeze.
Payments Made Simple
Forget fumbling around in your purse and pockets for your wallet and cards while the line of people behind you is growing. With digital payment options, buying that early morning coffee is as easy as pulling out your phone. Simply hold your eligible device up to the merchant’s near-field communication (NFC) payment reader and follow the prompts. Either with your biometrics or a quick punch of your passcode your payment is entered and you’re on your way.
With digital payment options, buying that early morning coffee is as easy as pulling out your phone.
Digital payments also work for online shopping through your mobile device with eligible merchants. Just look for the Apply Pay, Google Pay, or Samsung Pay icons at checkout. Then select the card you’d like to use to pay and confirm your purchase, saving you the time needed to create an account, sign-in, or fill out billing forms.
Increased Security For How You Spend
While you always need to be vigilant for fraudsters, digital payments make your payment processing more secure. First, digital payments use authentication and a unique one-time code to help protect your personal information – meaning it’s only good for that transaction. The merchant does not get your credit card details, so card skimmers or a rogue employee can’t steal your information.
Digital payments use authentication and a unique one-time code to help protect your personal information – meaning it’s only good for that transaction.
Second, by adding a layer of biometrics to authenticate your purchase, think Touch ID and Face ID, your digital payments options are even more secure at the point of purchase, since they are only accessible by you and your unique face, fingerprint, or passcode. What’s more, if somebody steals your phone, a passcode or biometric authentication would still be needed to get access to your digital payments.
Finally, amid growing concerns about the spread of the Coronavirus – ditching the handling of cash, which passes between countless customers and vendors, in lieu of using your phone to make digital payments can also help to mitigate your risk of coming in contact with germs.
In this technological world, digital payments can help you have a smooth and speedy payment journey with a growing list of retailers. While you may not be ready to completely make your wallet a thing of the past, by adding Apple Pay, Google Pay, or Samsung Pay to your routine, you’re helping to better safeguard your information during the checkout process.
No matter which digital payment option you use, it’s easy to get started.
About the Author
Eric Perron is an Assistant Vice President of Information Technology at Waterford Bank, N.A. in Toledo, Ohio. With nearly 30 years in the IT industry, Eric specializes in leveraging technology to improve the lives of our customers and their experience with the Bank. Do you need more help with digital payments or something else? Contact us.