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Mobile Payments and your Future Banking Needs

April 13th, 2017

Close up image of a customer using a mobile device to pay for a coffeeWe all love our smart phones and they have changed our lives. Now they can be a greater part of how we bank. Mobile transactions are expected to double to about $62.5 billion in 2017. Still about 75% of us have yet to try contactless payments.

At The First this technology is ready for you to use today. We believe it could be of value and something you should consider for the following reasons:

  • Mobile Pay is safer than swiping. Random numbers are generated that work like a credit card but are useless if stolen.
  • Mobile Pay is faster than a chip reader. It can process your transaction in as little as one second.
  • Presently about 35% of retailers accept Mobile Pay and this number is growing.
  • Mobile Pay can save you money. Rewards programs and exclusive deals are available.

Talk to a banking team member at The First about our Mobile Banking Services and how they might be a valuable part of your financial life. As always, our goal is to provide you with the best possible services and advice. Here’s a tip: Keep your phone charged! Mobile Pay won’t work when your battery is dead.