Services and Products Tips

Benefits of using a digital wallet

June 23, 2020

We’re all looking for ways to reduce contact these days. Using a digital wallet is one way to reduce your contact in stores.

How they work

Digital wallets are electronic versions of your credit or debit card stored in an app and accessed on your cell phone or mobile device. Simply hold your device near a payment terminal or use the app when online shopping.  You’re typically required to download an app so make sure you research and confirm the app is trustworthy before you enter your financial information.


Digital wallets are much more secure than a physical one. Each transaction uses an encrypted, unique number that is transmitted to the retailer instead of your card number. If your phone is ever lost or stolen, most models can remotely find, lock or erase your phone and your digital wallet.

Contactless payment

Contactless payments have never been more popular or important than now. Paying with a digital wallet can even be faster than paying by card or cash. Many digital wallet apps are intelligent enough that you only need to hold your phone near the payment terminal without waking up your phone or even opening the app.

First PREMIER digital wallet options

Add your First PREMIER credit card to your Apple Pay mobile wallet and you can start making contactless payments at supporting merchants.

This information is presented for educational purposes only. It is not intended as, nor should it be construed to be, legal, financial or other professional advice. Please consult with your attorney or financial advisor to discuss any legal or financial issues involved with credit decisions.

You Might Also Like