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What You Need to Know About Digital Wallets The basics of digital wallets, and how will they impact your business.
By Mikal E. Belicove •
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Q: What is a digital wallet, and how will it impact my business?
A: A digital wallet is an app that 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.
