Is paying with your smartphone safe?

U.S. smartphone transactions are expected to rise within the next few years

CHICOPEE, Mass. (WWLP) – Using cash and credit cards have become a little more obsolete and using smartphones to pay has become more convenient. They way we pay for items is expected to go from a swipe of your credit card to the swipe of your smartphone within the next few years.

And this trend is just beginning, with pass books, digital wallets, and apps.

This year, the U.S paid nearly $41,000 less in cash, and by 2015, there will be more than $45,000 worth of payments less made in cash. In that same year, it is expected that smartphone payments will bring in about $1 trillion.

Paying with smartphones has made it easy for small businesses to receive payments, and for customers to pay anywhere, anytime. But that convenience can come with tricks.

A member of the Northeast IT System in west Springfield told 22News that paying with your phone is reliable in most cases, but it’s important to know about the credibility of the apps you download.

“Make sure you do your research on the apps before you download them,” says Chris Bovino of Northeast IT Systems. “There are ‘dummy apps’ out there that make it look like it’s PayPal but it’s really not. So you want to be careful of where you’re actually putting your information.”

The most trustworthy apps are the ones that confirm your identity with fingerprints or passwords. It’s important to research the credibility of the app you are downloading, and not to put too much money on any of your mobile accounts.

Bovino says that if you feel uncomfortable giving an app any of your information, it’s safer to delete it than have your identity potentially stolen.

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