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Posted in Board Brief on Jun 17, 2020
eWallet will work with Apple Pay, Android/Google Pay and Samsung Pay (which uses tokenization) for secure mobile payments via your smart phone (or Apple Watch) to pay in stores and within apps.
Our initial rollout of eWallet will focus on these three Pay systems. Below are the devices compatible with eWallet. In time, other pay systems will also be available.
Apple Pay – (iPhone® 7 Plus, iPhone 7, iPhone 6s, iPhone 6s Plus, iPhone 6, iPhone 6 Plus, and iPhone SE with the installation of the iOS 8.1 update), the newest models of the iPad® (iPad 5th generation, Pro, Air® 2) and the iPad mini 3 a...
Posted in Board Brief on May 20, 2020
Keep it in "Your" Hands
As follow up to our APRIL 2020 Board Brief and as we prepare to bring you eWallet, we want to explain what eWallet is and how it works:
More & more Merchant Point-of-Sales (POS) devices are NFC-enabled. NFC stands for Near-Field Communications. It's a fancy term meaning your mobile device and the POS terminal can talk to each other if both devices are NFC-enabled.
eWallet reduces the risk of fraud. With eWallet, your device sends an encrypted "token" that is specific to your bank or credit card. It's like a high security password. Only your card company knows the card n...
Posted in Board Brief on Apr 15, 2020
Coming this summer, we are launching eWallet for our members. eWALLET is a more secure electronic payment option using your mobile device connected to your KTFCU debit or credit card.
You will be eligible to use Apple Pay, Android/Google Pay and Samsung Pay in our initial rollout. In time, you will be eligible to use eWallet with other electronic device pay systems (Microsoft Wallet, VISA Checkout, Master Pass, Android Pay, LG Pay, FitBit Pay & Garmin Pay).
This encryption technology (called Tokenization) is more secure because merchants and their employees will not have access to your payment...