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Benefits of Smart Wallets

Feb 15, 2016

Articles

Benefits of Smart Wallets Benefits of Smart Wallets

Smart wallets may be the answer to keep your personal and financial information safe.

While traveling, you know how important it is to keep your wallet from being stolen. However, as technology advances, so do thieves. In today's technology savvy world, thieves no longer have to physically steal your wallet to gain access to your finances. Hackers are able to skim data from your credit card without it ever leaving your wallet. They simply have to get close enough to your wallet, and while using a small device, steal your credit card information. Luckily, many major luggage companies, such as Travelon and Samsonite, are now offering RFID blocking wallets to keep your information safe. These smart wallets look like an ordinary wallet, but they are equipped with special technology that will shield all of your cards from electronic skimming. You may also want to think about enrolling in Apple Pay so you can leave your cards at home and keep them safe. Apple Pay allows you to securely pay for items with your iPhone or iPad using a Near Field Communications chip that you wave in front of a reader to complete the transaction. The next generation of smart wallets is already being designed. Wocket is a small smartcard that allows you to store all of your credit card information in one, easy to use location. The creators claim that it is tamper-proof and that all of your information is encrypted. For more information on smart wallets and how they can work to keep your personal and financial information safe, contact Parkwest General Contractors.
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