Here at Solera National Bank, we are now offering new ways of spending you will be able to use your Solera National Bank debit cards with Apple pay or Google Pay, It's easy, secure, and private way to pay.
Use Apple Pay or Google Pay with your moblie device to pay in store without swiping your cards and within apps without entering payment and contact infomation.
For more details click on the Apple Pay or Google Pay for setup progress on how to add Solera National Bank you your moblie wallet and how to use while shopping.
Apple Pay employs several security features to protect users' transactions, including biometric authentication (Face ID or Touch ID), a unique device account number, and toleniation. These features prevent the actual card number from being shared with merchants and ensure that each transaction is authorized with a unique, one-time code. Additionally, Apple Pay leverages the Secure Element on the device to store payment information and provides options for remotely suspending or removing cards if a device is lost or stolen.
Biometric Authentication:Apple Pay relies on Face ID, Touch ID, or a passcode to authorize transactions, adding an extra layer of security beyond a physical card.
Device Account Number: Instead of using the actual card number, Apple Pay uses a unique Device Account Number stored in the Secure Element, a dedicated chip on the device, to process payments.
Tokenization: Apple Pay uses a tokenization method, creating a unique, encrypted code for each transaction, which is transmitted to authorize the payment.
Secure Element: The Secure Element is a hardware component that isolates payment information from the rest of the device's operating system and Apple's servers.
Remote Suspension/Removal of Cards: If a device is lost or stolen, users can remotely suspend or remove their cards from Apple Pay via iCloud's Find My feature or by contacting their bank.
Privacy Protection:Apple Pay does not share card numbers with merchants; it only transmits information necessary to process the order, such as the user's name, email, and shipping address.
Optional Emergency Access:In iOS 17, a new feature allows users to designate trusted contacts who can temporarily access their Apple Pay in emergencies, enabling them to manage transactions during critical situations.
Google Pay utilizes several security features to protect user payment information. These include using virtual account numbers (tokenization) instead of actual card details, requiring a screen lock for transactions, and encrypting payment data.
Tokenization (Virtual Account Numbers):Instead of sending your actual credit card number to the merchant, Google Pay uses a unique, randomly generated virtual account number (token). This prevents the merchant from ever seeing your real card details, making it safer in case of data breaches.
Screen Lock Security: Google Pay requires your device to be unlocked (using a PIN, pattern, or fingerprint) before you can make a payment, adding an extra layer of security.
Encryption: Google Pay encrypts your payment information during transmission and storage, protecting it from unauthorized access.
Device Security: Google Pay relies on the security features of your Android device and Google Play Services for payments to protect your information.
Fraud Protection: Google Pay has built-in fraud monitoring and alerts to detect and prevent suspicious activity.
Transparency and Control:Google Pay provides transparency about how your information is used and allows you to manage your privacy settings.
Call us at
(303)209-8600
Monday through Friday, 9:00 am to 5:00 pm Mountain Time. Or send an email to bankcard@solerabank.com
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