Introducing Our New Digital Wallet Feature: The Future of Convenient Banking

In today’s fast-paced world, convenience is key. At Northwoods Credit Union, we’re always looking for ways to make your banking experience easier and more efficient. That’s why we’re excited to introduce a brand-new feature for our NCU Mastercard® debit cards: Digital Wallet.

This innovative service is designed to simplify your financial life, providing a seamless and secure way to manage your money on the go.

Use The NCU Mastercard® Debit Card Now

 

What is a Digital Wallet?

A digital wallet is a virtual version of your physical wallet. It securely stores your payment information, such as debit and credit card details. Therefore, you can conveniently make purchases using your smartphone or smartwatch. With a digital wallet, you can pay for goods and services without needing to carry around your physical cards. It’s fast, more secure, and incredibly convenient.

Why We’re Implementing Digital Wallets

The decision to implement digital wallets comes from our commitment to keeping up with technological advancements and enhancing our members’ banking experience.

As more people rely on their smartphones for everyday tasks, digital wallets have become increasingly popular. By offering this feature, we’re helping ensure that our members have access to the latest and most convenient banking tools available. Learn about all our online banking services here.

 

 

Benefits of Using a Digital Wallet

1. Convenience: No more fumbling through your wallet at the checkout line. With a digital wallet, your payment information is stored on your device, allowing you to make quick and easy touch pay payments with just a tap.
2. Security: Digital wallets offer enhanced security features, such as encryption and tokenization, which protect your card information from fraud. If your phone is lost or stolen, most digital wallets can be remotely disabled, adding an extra layer of security.
3. Speed: Transactions with a digital wallet are faster than traditional card payments. You simply hold your device near the payment terminal, and the transaction is completed in seconds.
4. Organization: Keep all your payment information in one place. Digital wallets can store multiple cards, rewards programs, and even tickets and boarding passes.

 

How Digital Wallets Work

Digital wallets use Near Field Communication (NFC) technology to communicate with payment terminals. When you tap your device on the terminal, it sends a one-time-use code, or token, instead of your actual card number. This token is decrypted by the payment processor to complete the transaction, ensuring that your actual card information is never exposed.

This process can help you avoid scammers trying to use skimming, which is when devices illegally installed on or inside ATMs, point-of-sale (POS) terminals, or fuel pumps capture card data/info and record cardholders’ PIN entries.

 

 

How to Pay on My Phone: Setting Up Your Digital Wallet

Setting up your digital wallet is a simple process. Simply add your card to the preferred wallet.

 

For Apple Pay®:

1. Open the Wallet app on your iPhone.
2. Tap the “+” sign to add a new card.
3. Follow the prompts to enter your debit card information. You can use your device’s camera to capture the card details or enter them manually.
4. Verify your card by following the instructions provided by your bank.
5. Once verified, your card will be added to your digital wallet, and you can start using it immediately.

 

For Google Pay®:

1. Download and open the Google Pay® app from the Google Play® Store.
2. Tap the “Payment” tab, then “Add a payment method.”
3. Follow the prompts to enter your debit card information.
4. Verify your card by following the instructions provided by your bank.
5. Once verified, your card will be added to your digital wallet, and you can start using it immediately.

 

For Samsung Pay®:

1. Open the Samsung Pay® app on your device.
2. Tap “Add” and then “Add credit/debit card.”
3. Follow the prompts to enter your debit card information.
4. Verify your card by following the instructions provided by your bank.
5. Once verified, your card will be added to your digital wallet, and you can start using it immediately.

 

For other digital wallet instructions or updated procedures, please visit their site page for detailed instructions. These steps are a intended to be a general guide.

 

Helpful Information

• Customer Support: If you encounter any issues with your Northwoods Credit Union Mastercard® Debit, you can always reach out to us. Contact Us
• Regular Updates: Keep your device’s operating system and the digital wallet app updated to ensure you have the latest security features and improvements.

 

At Northwoods Credit Union, we are dedicated to providing you with the best banking experience possible. Our new digital wallet feature is just one of the many ways we are working to make your financial life easier and more secure. We encourage all our members to take advantage of this convenient and innovative service.

 

Switch to digital wallets today and enjoy the future of banking at your fingertips! For more information, visit our debit card page.