Your Wallet’s Getting an Upgrade
Your iQ debit and credit cards are getting a big upgrade. Soon, they'll include tap-to-pay technology. Paying for your everyday purchases is about to become quicker, easier, and safer. Curious how it works? Keep reading to find out!
What Is Tap-to-Pay?
Tap-to-pay cards use a simple wireless technology called Near Field Communication (NFC). With a quick tap of your card on the payment terminal, your transaction completes instantly. No more swiping. No more chip dipping. Just tap, pay, and get on with your day.
Is Tap-to-Pay Safe?
Absolutely. Tap-to-pay technology actually makes your payments more secure. Each time you tap your card, it generates a unique, one-time code. That means your real card information stays hidden and protected. This process makes it nearly impossible for fraudsters to copy or reuse your data.
Plus, tapping your card reduces wear and tear. Less inserting and swiping means fewer damaged cards—and fewer headaches.
How Does Tap-to-Pay Compare?
Here’s a quick rundown of how tap-to-pay stacks up against other payment methods:
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Swipe: It’s quick, but it can be less secure since the information on your card can easily be copied.
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Chip (EMV): Safer than swiping, but slower because your card must stay inserted until the transaction finishes.
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Tap-to-pay: Combines speed with security. Your best choice for everyday shopping.
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Digital Wallet: Similar to tap-to-pay, but stored digitally on your phone or smartwatch, often with extra security steps like fingerprint or facial recognition.
Tap-to-Pay Tips for Everyday Life
Ready to tap? Here are a few easy tips to get started:
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Look for the wave symbol on payment terminals to know you can tap.
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Give it a try at local coffee shops, grocery stores, or gas stations.
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Add your new tap-to-pay card to your phone’s digital wallet for an even simpler checkout experience.
Next time you grab a latte or groceries, skip the chip and just tap your card.
The Smart Way to Pay
Your new tap-to-pay cards are here to make spending faster, safer, and more convenient. At iQ Credit Union, we're always looking for ways to simplify your financial life, so you have more time for the adventures ahead.
Ready to tap into something easier? Give tap-to-pay a try and experience the smarter way to spend.
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