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WHAT IS MOBILE WALLET?

Mobile wallets use near-field communications(NFC) chips inside mobile smart phones and tablets to transmit payment information. When a customer is ready to pay using a mobile wallet, they open an app on their smart phone or other device. The customer then enters a PIN and selects the payment account they wish to use, along with any special offer or customer reward programs they want to apply. At the time of payment, they simply tap their device to an enabled payment terminal which was provided by CDS, and the payment information is transmitted.

WHY MOBILE WALLET? 

- Mobile Wallet payment methods stay with the customer, increasingly security.
- Faster payments move lines and keep customers happy!
- Handling less cash can help to make your business more secure.
 
HOW NFC WORKS? 

1. Encrypted card information is transmitted to the NFC(Near Field Communication) enabled terminal. 
2. Each transaction is authorized with a 'one time number', or token, and a dynamic security code in place of the CVV on the back of the card. 
3. Even if hacker steal the codes, they're useless. The encrypted card information won't work twice.
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