We all got computers, and then iPhones, are you ready for "digital wallets"?

fuzzybuddy

fuzzybuddy

SF VIP
Location
The Sticks, Northeast PA.
I'm not too sure what a "digital wallet" is, but my banks email me about starting one. Supposedly, it's a quicker, easy and more secure way to pay. I come from the era when the "Dinner's Club card" was a big deal. I've given up using cash, but I'm not sure about giving up the credit card.
Are you ready for "digital wallets"?
 

The Federal Government pays all its bills with Digital currency. Their
Checks in the mail is just a computer sending a bank a digital notice.
Taxes help control inflation that is built into the Computer Digital Currency system.
No such thing as SSN running out of money. Its just how much we spend BS ploy.
Taxes getting paid is the only thing that is important, something most Billionaires
Hire many to keep from happening to them so much. British know all about hating
their past banking system & Health systems.
 

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fuzzybuddy said:
I'm not too sure what a "digital wallet" is, but my banks email me about starting one. Supposedly, it's a quicker, easy and more secure way to pay. I come from the era when the "Dinner's Club card" was a big deal. I've given up using cash, but I'm not sure about giving up the credit card.
Are you ready for "digital wallets"?
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you mean you don't have them yet in the US ?...we've had them for a very long time in the UK ...Appple pay, google pay..samsung pay..for example...
 
My son uses digital wallets all the time. For me, it's more of a hassle than just taking out my credit card and paying. My son explained that one must open the app then enter verification before using. For me that may also mean unlocking my phone first. Of course one must sign up (or register) the card for digital use before shopping. Using a digital wallet is supposed to be safer because then no one can scan your credit card(s), which can be done from a distance. I keep my cards in an RFID protected pouch and aluminum casings anyway, but I suppose once I take them out for a quick minute, they could still be scanned.

I guess in a way I'm using a digital wallet with Amazon because my Amazon store card is stored on the site and automatically used to pay when I buy something. Besides the tw factor ID login process, Amazon periodically asks that you verify the card by entering the full number and CVC code.

I got emails the other day saying my BOA and Wells Fargo credit cards were removed from the digital wallets. I asked my son if he removed them, he said no. So we don't know why that was done. It's possible those cards had not used the digital wallet feature in a certain amount of time.

@officerripley I hope I explain this correctly. Digital wallets are when you store your credit card in your phone (usually) and use that device to complete a transaction (instead of the credit card itself) whether in person or online. I think Paypal is more similar (I stopped using that years ago due to issues) to digital wallets. I always thought Venmo was an app used to pay people or entities that also have access to Venmo account(s). If that is the case, it is similar to Cash App. Perhaps another member who uses it can clarify.
 
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We have had digital wallets for quite awhile. I think my wife set a few up for us, but I never used any. I pay for most everything with my bank card. For large purchases, I used a credit card to get hotel points.
 
On the very rare occasion that I forgot my CC, I wished I had it in the digital wallet on my phone. It’s there now. It’s a lower limit CC that I use for online purchases. I’m not concerned about someone stealing my phone and gaining access; it has facial ID.
 
Aunt Bea said:
New York State now allows you to have a digital drivers license in your digital wallet.
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Do you wonder how it would be handled if you were stopped by the police and they wanted to take your opened phone back to the police car. Maybe there’s a work around so the DL is the only thing they can see.

Last I heard there are 14 states that have these. Does anyone know anything about maintaining your security.
 
"Digital wallets"....heard about them, never felt the need to use one. I Googled for a proper definition, which is:

A digital wallet is an app or service that securely stores your payment information (like credit cards, debit cards, or gift cards) on your mobile device, allowing you to make purchases without needing to carry physical cards.
Here's a more detailed explanation:
Function:
Digital wallets enable contactless payments in stores and online, and some also facilitate peer-to-peer money transfers.

How it Works:
You add your payment methods to the digital wallet app, and then you can use your phone or smartwatch to make purchases at merchants that accept digital payments
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I'm not impressed, loading my credit card information into an app sounds like a step in the wrong direction, for 'security'. Once you do that, you've given up control of your financial information, and have become even more exposed to the dark forces of the digital jungle.

Remember, apps are not developed to make your life better, apps are designed to gather your data for the benefit of the app developer.
 
I've been using a digital wallet for a couple years and I really like it. I think that my credit card in the Google wallet is 'virtual' or 'tokenized' or whatever it is called when the real actual credit card information is not shared with places I purchase from.

On my chromebook it seems like I get offered a choice, to either pay with my actual CC number or the virtual one. So I'm guessing that isn't like using the digital wallet that my Fitbit uses.

I still haven't tried tap-to-pay with my phone, I don't know why that seems harder than my Fitbit.
 
I use the "virtual" option also on my phone and use tap to pay and enjoy it. I don't even carry my cards with me if I go out to places that I know will accept tap to play and I feel safer not having my physical cards in my possession. Someone would have to cut my thumb off or have the misfortune of looking just like me to use my phone and pay with one of my credit cards.
 
Nathan said:
"Digital wallets"....heard about them, never felt the need to use one. I Googled for a proper definition, which is:



I'm not impressed, loading my credit card information into an app sounds like a step in the wrong direction, for 'security'. Once you do that, you've given up control of your financial information, and have become even more exposed to the dark forces of the digital jungle.

Remember, apps are not developed to make your life better, apps are designed to gather your data for the benefit of the app developer.
Click to expand...
I don't think consumers realize how much data can be included on the strip on the back your card either, I resisted to put my utilities on auto pay until I got older & didn't want to leave a mess for my wife when I passed. I have eliminated many connections to cyberspace as I could. She just has to cancel the auto pays. I disable bluetooth & the option to save my addresses and credit card numbers in settings. I also cancelled 6 of 7 credit cards & tried to remove the info. I have one card for my pension account, hope she changes that.
 
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gilead said:
I don't think consumers realize how much data can be included on the strip on the back your card either, I resisted to put my utilities on auto pay until I got older & didn't want to leave a mess for my wife when I passed. I have eliminated many connections to cyberspace as I could. She just has to cancel the auto pays. I disable the option to save my addresses and credit card numbers in settings.
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There are a couple utility bills plus my Senior Advantage+ monthly bill that I will shortly be setting up for auto-pay, because in recent times they've had problems with crediting our account, within their under-staffed billing departments. :rolleyes:
 
That Lady in PA said:
We have had them for some time now… not new at all!
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Yes had them awhile, I ignored or blocked the ads to use them, they looked like another form of identity theft to me. Of course that was 1 smartphone & 1 flipper ago. I did finally opt for another smartphone because of the obnoxious OTC. My DD won't let me add apps to it, I self-destruct whenever I try. I stick with Linux as my venue, simpler for me.
 
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Lots of people use them here - I see them pay with their phone rather than a physical card.

I have my cards loaded onto Samsung Pay - I usually use the actual card but is there as a back up.
 
Nathan said:
There are a couple utility bills plus my Senior Advantage+ monthly bill that I will shortly be setting up for auto-pay, because in recent times they've had problems with crediting our account, within their under-staffed billing departments. :rolleyes:
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Same with me, NetFlix (no other option), power & wireless (- %7) are on auto pay, DSL provider wanted a $3.75 fee on $45 to let me use a CC, so I usually debit that from my bank.
 
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I had a 'Google Wallet' I only used once. Besides, I don't always take my phone with me everywhere I go. I have a debit card and a couple credit cards I never use. I still carry cash in my leather wallet. Cash never fails.
 
gilead said:
I don't think consumers realize how much data can be included on the strip on the back your card either, I resisted to put my utilities on auto pay until I got older & didn't want to leave a mess for my wife when I passed. I have eliminated many connections to cyberspace as I could. She just has to cancel the auto pays. I disable bluetooth & the option to save my addresses and credit card numbers in settings. I also cancelled 6 of 7 credit cards & tried to remove the info. I have one card for my pension account, hope she changes that.
Click to expand...
Makes sense. I do pay bills online, but no auto pay and no app. As long I have good security, the browser is actually more secure.
 

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