Digital wallets simplify the purchasing experience by largely eliminating the need to enter and re-enter your card number when purchasing on a connected device. It also helps prevent fraud by removing sensitive card and account information from the payment process. This:
- Enhances transaction efficiency
- Improves transaction security
- Provides a secure method for third-party enablement (for example, wallet, near field communication [NFC], and QR Codes)
- Reduces the risk of fraud in digital channels