Do you know how to make mobile payments safely? By filling in your card details, you can easily make payment for your purchases anywhere you are. To make a mobile payment, hold your phone near the point-of-sale terminal which will read your (encrypted) payment information in your phone and process the transaction.
How To Make Mobile Payments Safely: Mobile Payments And Safety
For mobile payment, it is very hard for hackers to access your card details. This is because your real financial data is not transferred during the transaction. Rather, a coded version of your credit card details is used to authorize payment. Does that mean we should throw caution to the wind? Not at all. Let’s take the following measures :
How To Make Mobile Payments Safely: Scrutinize The Platform
Before adding your payment information in your phone, use only the software that came with your phone — Apple Pay or Android Pay — or a trusted payment provider, like Google Wallet or Chase Pay, for example. Trustworthy mobile payment platforms don’t store your actual credit card details.
How To Make Mobile Payments Safely: Download only Reliable Apps
Ensure that any payment app you download is reliable. Also, be careful about other apps you download to your device. This is because many apps have malware or spyware for capturing your payment information and sending it to hackers.
How To Make Mobile Payments Safely: Remotely Lock Your Phone If Lost Or Stolen
Many cardholders use Android Device Manager to lock or locate a lost or stolen cell phone. They do this going to android.com/devicemanager. For iPhones, go to iCloud.com. And for a Windows device, go to windowsphone.com.
Let Your Password Be Hard To Hack
Always lock your phone with a security number that people cannot easily use. This will keep your personal and financial information safe. Features like facial recognition, iris scan, and fingerprint unlock can be even more secure than a password or PIN.
Let your password or pin not be numbers or alphabets that are easy to copy or form such as ‘’ABCD’’.
Use Your Credit Card
When you do not trust a mobile payment platform, simply use your credit card to make the purchase. You just have to swipe the card and process the transaction within a few minutes. Credit cards have zero fraud liability policies that take care of any unauthorized charges made to your credit card account.
Keep Reviewing Your Credit Card Account
Thieves are capable of many things. Always review your credit card transactions even if you are always with your phone. This will help you detect charges you did not initiate. When you find a transaction you did not authorize, report to your creditor immediately.