Mobile Wallets are expected to gain in popularity, and become the most common mode of payment by 2019.

How It Works:          

The mobile wallet holds a users credit card data, so that rather than carrying the actual cards with them, tap the phone and choose which credit card to charge the purchase to.

What You Need:

As a business or merchant accepting payments – you simply need to have a terminal or equipment that is NFC (Near Field Communications) compatible to accept the Mobile Wallet payment. Any transactions that you accept from a mobile wallet will be processed and deposited to your account along with all your other traditional credit card transactions.

Lexington Payment Services can help you evaluate and select the best mobile wallet solution for your business.