As per FBI report, on an average every 46 seconds there is one car vandalism reported in United states. Close to millions of car vandalism found throughout year are for stealing wallets and credit card frauds.
It means you could be one of them any time soon or later. This statistics only tells us to take some smart actions to protect your finances. With any of vandalism acts one gets exposed to identity thefts to all sorts of financial thefts. If you have electronic money, fraud could be reported and finances could be prevented. In such cases you’re not afraid to lose as everything is recoverable; but fact is you’re ruining up your head and spending your precious time with call centers.
Here are few ways you may want to pursue to take care of all such accidental situations.
1. Keep log of all important things in your wallet.
Scan and keep your cards, IDs locked electronically. With any such accidents you may have
certain important information handy to expedite your calls. This will help you to not get
panic and recollect on important cards. With growing demands in life, our wallet grows with
several membership cards to all sorts of credit cards, which makes it even more difficult to
figure out what was there in your wallet that was stolen.
2. Don’t make your wallet bulky :
All sorts of store credit cards are nothing but unwanted management we buy. So does with multiple company credit cards.
Even if you choose to have multiple credit/debit cards, it’s not always necessary to carry all
cards with you. Many of stores gets you discount with your phone numbers or by checking
driving license.
3. Use reader protector wallets:
There are many devices easily available in market, which can read magnetic strip cards in
your wallet, including security code at back of credit card leading finance frauds and identity
thefts by reading your driving license. If you often see public places, it’s a good idea to invest in
reader protecting wallets.
4. Be smart to use smart apps:On top of everything, best way to protect any thefts is use of smart phones and wallet apps
available. While making your smart phones valuable with more personal information, be smart
to protect your phone with biographic locks than using any password protections.
Here is list of apps best rated in 2016. Before using any of apps, please check compatibility of
these apps. Lower version of Android and IPhone may not be supported. These apps do have
workaround to support these apps on lower versions with some adaptive technology ways.
Please check more about them as per your need.
4.1. LoopWallet :
- This is top pick app among all for iphones and android users, although this is paid app.
All you need to do is store all your cards including driving license and gift cards in app.
Other mobile wallet options utilize contact less technologies like Wi-Fi, bluetooth,
or NFC, which renders them unusable at any retail location that doesn’t have the correct
wireless capability. LoopWallet, on the other hand, allows users to store all of their
credit, debit, gift, and loyalty cards on their phones and pay using either a small key fob
or a charge case designed specifically for the iPhone. On check out you need to pull your
card from wallet app and put it in front of card reader. The loop fob and charge case
generate a magnetic field that triggers the credit card terminal into thinking that a
physical card was swiped, making it indistinguishable from a traditional card transaction
for all practical purposes.
Best part of this app is there is no restriction on company of card you’re using it.
4.2. Softcard (Isis) :
This mobile wallet created by AT&T, Verizon, and T-Mobile for iPhone and Android
devices. The app is free for anyone who uses AT&T, T-Mobile, or Verizon as their wireless
carrier, and it can be used to store and pay with credit cards from Chase, Wells Fargo, and
American Express as well as gift and loyalty cards. For users who do not carry cards from
these issuing banks, Isis allows payments to be made from a re-loadable American Express
Serve account. This utilizes NFC technology to enable contact less payments from a mobile
phone. After storing their cards in their phones, users simply open the app, enter a PIN,
choose the card they wish to pay with, and hold their phones over the designated area on
an NFC-compatible credit card terminal. Successful payments are confirmed with a beep.
4.3. Paypal :
PayPal offers a mobile app for iPhone and Android that allows users to make seamless
purchases at participating stores with funds from their PayPal accounts.
This app is now updated with a new emphasis on non-checkout features like early ordering,
improved store search, and simplicity of use. The PayPal app can store users’ debit and
credit cards as well as track coupons and time-sensitive deals. However, payments can only
be made from a designated PayPal account at locations that use PayPal-enabled POS
systems.
4.4. Google Wallet :
Google Wallet allows users to store all debit, credit, gift, and loyalty cards
in their Google accounts, meaning that they can access these cards and make purchases
through their phone (via NFC), tablet, or desktop. Google Wallet users can also send money
to friends and pay for apps in the Play Store using their Wallets. Similar to Isis, Google
Wallet can be used to pay at physical locations using a PIN and an NFC connection. Users
just open the app, enter their PINs, and tap their phones to an NFC-enabled terminal. This
“tap-and-pay” functionality is only available on Android phones with NFC capability. The
three exceptions are the Samsung Galaxy Note III, the Evo 4G LTE, and the Nexus 7 (2012),
which are not tap-and-pay enabled. iPhone and Android users who do not have NFC-capable
phones or are running older versions of Android can still use Google Wallet to store cards,
make transfers to friends, and pay online.
With improved IoT and secure cloud technologies, it’s time to trust technology.
There is always possibility to even hack your account electronically, yet considering companies investing much more on development and support; it’s much safer to protect your information than to expose in physical market causing thefts and harm to you.These apps do provide additional features to report on actual physical cards loss and send notification to your credit card companies immediately.
With these smart apps, all you need do is; grab your car key, phone and move out of home for outing!
