By Jim Fecca, Penn Community Bank Director of Deposit Services
If all the instances of card fraud in recent years have you clutching your debit and credit cards close, Penn Community Bank offers a better way to pay.
Whether you are meeting a friend for a quick coffee, making a Wawa run, or filling up a growler at the local craft brewery, using your Penn Community Bank debit and credit cards with Apple Pay®, Google PayTM, and Samsung PayTM is a safe, simple way to pay.
Here are three reasons to love mobile payment solutions:
Mobile payment solutions let you easily pay for purchases in person or online using information stored securely on your mobile device. These apps do not store your actual card information, so there’s no data that can be stolen. Instead, the app creates and stores a “Device Account Number” that links your card information to your device and can be used only with that device.
In addition, when you make a payment, your device generates a unique code that can be used for only that single transaction. Together, the Device Account Number and single-use security code offer strong protection to secure your banking information from would-be data thieves.
Mobile payment solutions give you fast, hassle-free checkouts while also offering the peace of mind that comes with the built-in security features. And getting started is easy. Just load your card information into your device’s wallet app and designate the card that you want to be the primary, default payment type. Making purchases is as easy as choosing the correct payment option during online checkout or by tapping your mobile device on the payment terminal when shopping in person.
Mobile payment solutions are accepted by a wide variety of merchants, from grocery stores to vending machines, and the number is growing continuously, making payment apps a convenient way to shop. It’s also fast – typically faster than, say, the length of time it takes to process a chip transaction. No more making awkward conversation with the cashier while you wait for the transaction to process.
Apple Pay, Google Pay, and Samsung Pay join other Penn Community Bank convenience services such as mobile banking and remote check deposit through our app (Google Play / App Store), and budgeting and tracking through MX Money in our online banking system.
Penn Community Bank is committed to making banking easier, so you can spend more time focusing on the important things in life.