What You Need to Know About Digital WalletsThe basics of digital wallets, and how will they impact your business.
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Q:What is a digital wallet, and how will it impact my business?
A:A digital wallet is anappthat works as a secure digital container to store the information consumers carry around in their wallets or purses, such as credit and debit cards, ID, driver's license, coupons, receipts, concert tickets and even airline boarding passes. When accessed by a POS terminal or other device, the digital wallet serves up the requested information and completes a transaction.
Digital wallets usually take the form of asmartphoneapp. They're always on hand, connected to the internet and make it easy for coupons, deals and more to show up on the user's device--sometimes based solely on current location.
