Mobile Wallet | Accentra Credit Union

Page Title

Welcome to a new, safer way to pay.
In stores. In apps.

Your Accentra debit card can be added to your digital wallet and used for contactless payments where accepted. We currently support Apple Pay, Google Pay, and Samsung Pay. For more information on getting started and to see where mobile payment options are accepted, visit their pages below.

Apple Pay

Google Pay

Samsung Pay

What is Tokenization?

Tokenization has recently taken off due to the increased usage of e-commerce and mobile payments including Apple Pay, Samsung Pay and Google Pay which are being used at hundreds of thousands of retails stores, online and and on mobile apps.

Visa recently launched a new security technology called Visa Token Service (VTS) that replaces sensitive account information, like your account number, with a unique algorithmically generated number called a token. Your actual bank account number is held safe throughout the entire transaction in a secure "token vault". The token allows payments to be processed without exposing any actual account details, thus reducing the risk of credit card fraud.

Similarly to the new chips in cards, the entire point of tokenization is to prevent your bank information from getting into the wrong hands. Chip cards do a good job when being used in physical stores but do not protect your information online or through mobile payments- this is where tokenization comes in.

How does Tokenization affect me?

We know this language can be confusing, so here is how it ultimately benefits you, the debit card holder. Tokenization is used in three types of payments: subscription billing/recurring payments where businesses keep your card "on file", one-click checkouts on eCommerce sites and mobile payments including Apple and Android pay.

Take Apple Pay, for example. After you take a picture of your credit card, Apple sends the details to your issuing bank. It then replaces your card information with a series of randomly generated numbers (the token). That token is sent back to Apple, which is programmed into your phone and used for transactions. If your phone happens to fall into the wrong hands, your debit card information can never be accessed.

For more information, stop by any of our Accentra Credit Union branches.