Mastering Smart Wallet Payments: A New Era of Financial Convenience

Smart Wallet Payments

With UBank’s Digital Wallet, purchases have never been easier or more secure. In a time when touchless transactions and social distancing has never been more important, making purchases is made easy with UBank’s Digital Wallet features. 

Enjoy all the benefits of your UBank Debit Card using Apple Pay®, Samsung Pay® and Google Pay® on your supported Apple, Samsung or Android device.

How does the tech work?

Digital wallets, also called mobile wallets, offer an easy, secure and private way to pay in stores with your phone, watch, or other device, rather than pulling out your card at the register.  When you initiate a payment, your device interacts with a merchant’s payment terminal in one of two ways: by Magnetic Secure Transmission (MST) or Near Field Communication (NFC).  Apple and Android devices use MST, while Samsung devices use both.  These technologies transmit your card information to the payment terminal directly, without swiping or inserting your card into a card reader.

Both technologies use cutting-edge security to protect your information.  They use a digital token, usually 15- to 16-digit number.  Rather than your card number, so your information is never stored on your phone or transmitted to the merchant.  The token information is stored by a token service provider – typically a bank or credit card company that has robust security systems designed to protect this information.

How to set up your smart wallet:

1. From your device, open the payment app and add credit or debit card.
2. Use the device camera to capture the card information or enter it manually.
3. You may be asked to verify your identity by either calling 1-844-646-5465 or contacting Customer Service at 936-639-5566

How to pay with your mobile device:

1. Use your smart phone anywhere you see the Apple, Google, or Samsung Pay payment symbols.
2. To pay, unlock and authenticate your device (passcode, fingerprint, Face ID).
3. Place your device near the reader until you see “Done” and a checkmark on your screen.

You can even pay with your smart watch!