Brookfield-based North Shore Bank has launched a digital wallet tool with the goal of simplifying online shopping for its customers. It is the first Wisconsin bank to offer the service.
The MasterPass, administered by MasterCard, was introduced at North Shore at the end of February. It provides a centralized location to securely store debit card, credit card, prepaid card and shipping information to make checkout faster for online purchases.
The free digital wallet can hold information from MasterCard, American Express, Visa, Discover and Diner’s Club cards. Users have the option to integrate another layer of security, with a mobile/SMS verification.
Digital wallets are increasingly common at financial institutions, as banks strive to meet customer demand for more efficient online banking and shopping. U.S. Bank also offers a digital wallet.
“We are always looking for new ways to help make banking, managing finances, and even shopping more convenient,” said Susan Doyle, vice president of branch operations at North Shore Bank. “With this digital wallet service, we can provide a new way for our customers to effectively and efficiently conduct online shopping.”
