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Digital wallets are becoming more popular as a way to securely store and access insurance cards, event tickets and transit passes.
Digital wallets use tokenization, not your actual card number, for each transaction.
KEY POINTS
- Digital wallets can securely store insurance cards, event tickets, and transit passes, not just payment cards.
- Most smartphones come with a built-in digital wallet app ready for setup and use.
- Digital wallets reduce online shopping fraud risk by not storing sensitive data on merchant servers.
COMPANIES
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