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3 Reasons Why You Should Tap to Pay

To make life easier for consumers and to keep your critical financial information safe, credit and debit card technology is constantly evolving. One of the more popular modern innovations is tap to pay contactless payment.

Visa defines contactless payments as “transactions made by tapping either a contactless chip card or payment-enabled mobile or wearable device over a contactless-enabled payment terminal. Cards, phones, watches and other devices use the same contactless technology.”

Here are three reasons why you should tap to pay whenever you can.

1. More Convenient

Tapping to pay takes away any need to enter a PIN number or write down your signature, making checking out an even quicker process. Forbes reports that contactless payments can cut up to 30 seconds off of your transaction time. All you have to do to complete a purchase is pull out your card and place it within one to two inches from the card reader. It really is that easy!

2. Mobile Options

Don’t have your physical card on hand? No need to worry. As long as you have your cell phone, you can still use the tap to pay feature. You can easily add any Utah Community Credit Union card to your digital wallet, eliminating the need to haul around a bulky wallet or purse. Just hover your phone above any tap to pay symbol to process a payment.

Interestingly enough, ever since the world entered the alternate reality of COVID-19, contactless payment via cell phone has enjoyed an enormous boost in popularity. In fact, retailers have seen a 69% rise in contactless payments since the beginning of 2020, according to a study done by the National Retail Federation. This is likely due to the fact that consumers are wary of shopping in brick-and-mortar locations and are hesitant to handle germ-infested cash. Inserting a debit card or credit card into a public payment terminal that processes payments for hundreds of cards a day is not much of a better option. All of this has made digital wallets the chosen method of payment now more than ever, with 67% of shoppers choosing self-checkout options from their own mobile devices over in-person payment.

3. More Secure

Tapping to pay isn’t all about making your life simpler, but it also creates a more secure way to shop. By using a mix of chip technology, Near Field Communication (NFC), and Radio Frequency Identification (RFID), tapping to pay is safer than your classic swipe or insertion of a credit or debit card. This is because each transaction uses a one-time, unique digital code to communicate approved-purchases between your card and the card reader. 

Tapping to pay is easy and safe, and will likely continue to grow in popularity across the United States. If you haven’t already, visit any UCCU branch to obtain your very own tap to pay enabled debit or credit card, and add your cards to your smartphone’s digital wallet.