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Digital Wallets Comparison Tool
Digital Wallets Have Arrived
The intersection of technology and security is driving a surge in digital payment channels. Digital wallets
provide your members with a convenient, secure, and seamless transaction experience, no matter what
shopping channel your members use. As more consumers transition from paying with credit cards and
cash to using whatever is easiest and most convenient for them, the question becomes, how will you
stay at the center of your members’ payments universe?
Apple Pay
Google
Wallet
MasterPass
Visa
Checkout
Loop
Pay
PayPal
Mobile App
Softcard™
CurrentC™
Yes
No
No
No
No
No
No
No
No
No
(Loop’s Charge
Case or
Fob required )
Tokenization*
Required
Yes
Yes
Yes
Pay at POS
( iPhone 6, iPad,
Apple Watch )
Pay Online
( any webenabled device )
( any webenabled device )
(any webenabled device)
(any webenabled device)
No
Merchant
Participation Required
Yes
Yes
Yes
Yes
P2P Capability
No
Yes
No
Card Art
Card Art
Per
Transaction
None
Branding
Cost
Cards Accepted
Yes
All
( except
Discover )
( NFC-enabled
device)
Yes
All
Yes
Yes
Yes
(NFC enabled
device)
(QR Codes)
(any webenabled device)
No
No
No
Yes
Yes
Yes
No
No
Yes
No
No
Microsite
Card Art
Card Art
Card Art
Card Art
N/A
None
None
None
None
None
None
All
American
Express,
Chase,
Wells Fargo,
Debit and
Other Cards
Bank
Accounts,
Merchant
Credit/Debit
Cards
Yes
All
Yes
All
All
(any webenabled device)
Yes
PSCU Supported Digital Wallets
*Tokenization is the process of replacing a card’s primary account number (PAN) with a unique alternate card number, or “token.” A token is a numeric value that
acts as a substitute for a PAN, enabling each eligible device to have a unique token. Tokenization also provides EMV-like security for payments on connected devices.
**This chart was created using public information available at time of press.
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