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Mobile Wallet


What is a Mobile Wallet?

A mobile wallet functions as a secure digital payment method that enables you to easily link your Education First totalREWARDS debit or credit card to your smartphone or tablet. This tool offers a simple and effective way to conduct transactions, whether you're shopping in-store or online, eliminating the need to carry physical cards or cash.

Education First's Mobile Wallet, where you can manage all your credit cards, loyalty cards, and reward cards from your mobile device.

How mobile wallet can transform your transactions:


Pay for goods and services from your smartphone. It can manage all your credit cards, loyalty club memberships, and rewards cards. 

Mobile Wallets are convenient because there is no need to carry around your wallet. 

Allows you to pay for Point-of-Sale without using your credit or debit card. 

Online Payments are easy!

Safe and Secure because Mobile Wallets are generally harder to steal or copy than physical cards or cash.  

This one’s simple: Start by downloading the mobile app of your choice onto your smartphone or another compatible device. Then, load the card information you want to store, from debit and credit cards to loyalty cards and even coupons. When you want to make a purchase with your mobile wallet, you can either:

  • Choose your app and select a card at the checkout screen when you’re shopping online with your smartphone.
  • Tap your phone to a digital payment-enabled terminal at participating merchants when checking out. “Mobile wallets use what is called a Near-Field Communication (NFC) chip,” Daniels explains. It’s the same technology that lets you use contactless payment to pay with a physical card

Many retailers offer updated payment-processing terminals that accept mobile wallets. Samsung Pay and Apple Pay, for example, are accepted at millions of stores in the U.S. By 2025, it is anticipated that 53% of eCommerce transactions will be completed with mobile wallets. Given how many merchants accept mobile wallet payments nowadays, when you add your Education First totalREWARDS VISA debit card or credit card, you can earn points for daily purchases and turn everyday expenses into big rewards, like cash back, travel, gift cards and more!* 

Popular Wallets:

PayPal -  Accepted widely online, but less frequently in physical retail stores.

Apple Pay - Transaction authentication via facial or fingerprint recognition make this a great option if you’re concerned about security.

Google Pay - Like Apple Pay, but for Android devices.

Samsung Pay - Available on some Samsung devices. 

Information that you upload to a mobile wallet gets encrypted, making it potentially safer than carrying physical cards with you.

While a mobile wallet could pose potential security if your phone is lost or stolen, most mobile devices now offer two-factor authentication in the form of biometric identification which includes fingerprint identification or facial recognition.

Additionally, you can take extra steps to protect your data by enabling permissions that allow you to locate your phone if you lose it, or remotely wipe the data, so a thief can’t access sensitive information or use your mobile wallet. Our Card Management feature also allows you to turn your debit card on or off, set geographic boundaries for use, and additional personalization options to add additional measures for you to ensure the security of your cards.

Many mobile wallets offer similar features and security measures. The right one for you depends more on personal preference and how you like to interact with your apps. It may also depend, of course, on which devices or credit cards you own. In terms of performance, there’s little difference between the leading mobile apps.

Bottom line

Mobile wallets may offer more convenience and security than traditional wallets. And they’re widely accepted at retailers around the country. Which mobile wallet you choose will depend largely on the kind of device you want to use it with. Don’t sweat the choice too much: Many of the popular options are similar in terms of performance and the level of security they offer, so you can choose the wallet that pairs best with your smartphone and use it with confidence.

For additional information, see our Mobile Wallet disclosure.

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