smartphone wallet

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smartphone wallet

(1) A combo wallet and phone case. See phone wallet.

(2) A smartphone app that replaces the need to carry physical credit cards, debit cards, gift cards and loyalty cards (see loyalty punch card), as well as boarding passes and other forms of identification. It allows a user to pay for merchandise in a physical store by tapping the phone on the merchant's terminal (NFC) or scanning a barcode displayed either on the terminal or the phone. Security is provided by the phone's fingerprint reader or by entering a PIN. See Bluetooth and NFC.

Because smartphones know their current location, users can be sent offers from nearby stores, and the wallet may be able to take the appropriate discounts if a purchase is made. The more retail merchants participate, the more successful these systems become. Apple Pay, Android Pay and Samsung Pay are the major payments services. See mobile payment service, Apple Wallet, digital wallet, Apple Pay and Google Pay.
References in periodicals archive ?
Even provides essential infrastructure for financial institutions and channel partners -- including TransUnion, The Smart Wallet, and The Penny Hoarder -- to connect customers with personalized products (loans, deposits, credit cards, and more), utilizing its robust yet simple API.
CIB also provides the option to obtain the CIB-ISIC prepaid card, an internationally recognised student identification card, in more than 130 countries, as well as a smart wallet application on mobile phones, which can be used to carry out daily financial transactions.
In the meantime, Refaai announced the launch of the smart wallet service (SCB E-WALLET), which provides innovative and swift payment solutions for customers.
'Smart Wallet' technology will see drivers earn cryptocurrency for sharing information about traffic jams and potholes.
Using 'Smart Wallet' technology, owners earn credits by enabling their cars to automatically report useful road condition data such as traffic congestion or potholes to navigation providers or local authorities.
Employees of the new software development center Jaguar Land Rover are testing Smart Wallet technology, which will allow drivers to earn cryptocurrency while driving.
The Jaguar smart wallet will reward Jaguar car drivers with IOTA tokens for actions such as enabling their vehicles to automatically report useful data (such as traffic congestion or potholes) to navigation providers or local authorities.
After raising over $1,000,000 in their previous crowd-funding campaign, Ekster the smart wallet brand, has launched their third-generation product line.
'Smart Wallet' by Aya Khalifa Al Falasi and Mariam Obaid Al Hammadi, Al Ittihad Private School, Dubai
Mohammad Farhan came up with a smart wallet in which one can have a phone, power bank, Wi-Fi hot-spot, camera, tracker, etc.
Other exhibiting entities include, the Dubai Judicial Institute is showcasing the DJI Mobile app and Emirates Law Magazine, while the Dubai Land Department is showcasing the Smart Wallet, Trakheesi System, Mollak System, and the Dubai Brokers Application.
Purchases of $30 or higher will include a free pop socket or smart wallet. All purchases are cumulative and offered only while supplies last.