It’s no longer enough to take measures to protect your physical safety and your cash after a transaction at the ATM – now you must be aware of cameras and skimming devices that secretly record (steal) your bank account numbers and PIN numbers.
Thieves are always looking for new ways to steal your information and although Card Skimming is not a new practice it is on the rise. Card skimming is the illegal collection of personal and account information from the magnetic strip on a debit or credit card.
In order to use Apple Pay, you need to have a compatible device and the right version of iOS. For in-store purchases, Apple Pay is compatible with the iPhone 6/6s, iPhone 6 Plus/6s Plus, and the iPhone SE, which are the only iPhones equipped with the requisite NFC radio antennae. Besides NFC compatibility, the other piece of the hardware puzzle is a Touch ID sensor, but—unfortunately—iPhone 5S owners are out of luck.
Online banking refers to any banking transaction that can be conducted over the internet, generally through a bank’s website under a private profile, and with a desktop or laptop computer. These transactions include services traditionally offered at local branches without having to go to one. Online banking is generally defined as having the following characteristics:
Mobile banking allows you to perform many of the same activities as online banking using a smartphone or tablet instead of a desktop computer. However, simply accessing the bank’s website on a mobile device is not the only method of mobile banking. Mobile banking’s versatility includes: