How does mobile payment with a smartphone work?
Making contactless payments with UBS Mobile Pay, Google Pay, Samsung Pay and Apple Pay is child‘s play, which is why it‘s becoming increasingly popular.
- The app must be installed only once on the smartphone, the UBS Credit or Prepaid Card must then be stored on the respective app and confirmed. Of course, you have the option to store different credit cards in one app.
- You hold up your smartphone (or smartwatch) directly to the card terminal of any terminal (card reader) with a contactless payment symbol. The data is transmitted via NFC (Near Field Communication), which are radio waves with a range of only a few centimeters.
- You unlock your mobile device, select the credit card you want to use, and confirm payment.
Are mobile payment solutions secure?
The contactless payment system is equipped with various security features, so the risk of misuse even if you‘ve lost your device is minimized as much as possible.
- The low range of NFC technology severely limits the opportunity of someone to intercept the transmission.
- The credit card number is not transferred, but only a token, i.e., an encrypted virtual card number. This means the merchant never actually holds your credit card information.
- If you lose your smartphone or smartwatch, you can locate the device or immediately deactivate the payment function of Google Pay, Samsung Pay and Apple Pay by switching your device to ”lost” mode via the search function in an Android device manager or in the Apple iCloud.
- The payment function for UBS Mobile Pay can be blocked quickly and easily via the UBS Mobile Banking App. For example, you could do this with a friend‘s or partner‘s smartphone.
- Additionally, all payment functions can be blocked at any time via UBS Customer Service.
UBS mobile payment solutions round off our range of payment solutions. You can choose if and when you want to pay contactless with your smartphone or smartwatch, UBS TWINT, UBS Mobile Pay, Samsung Pay, Google Pay or soon Apple Pay.