As innovation expands and the use of cash declines, payments technology will only continue to rise.
Master Your Card is here to show you the benefits of using payments technology and the power of financial freedom it brings. As we continue to keep socially distant, these benefits are even more important now.
Think of payments technology as the various tools we use to make a payment, like a debit, credit or prepaid card, as well as other tools like digital wallets. These technologies go beyond cash because they are:
- Simpler
- Safer
- Smarter
Simpler because payments are automatic and seamless – allowing for payments through devices like your smart phone, computer or tablet. It also eliminates trips to the bank, ATM or check cashing locations.
Safer because payments technology is secured, meaning any information provided is kept confidential and risk of fraud is minimized. Most cards offer protection in case of unauthorized use, loss or theft. Using payment cards may help containing the spread of viruses through the passing of cash, and you can pay with your card without touching a terminal, through contactless technology.
Smarter because payments technology allows for real time access to your account information, and tools like spending limits, to help you better manage your budget. Paying bills and expenses electronically is easy to do, to track, and cuts down on handling paperwork.
Now is the time to leverage payments technology! By participating in a digitalized economy, families have better choices and options, which help expand financial inclusion for all and empowers their economic freedom.
