Where should I use my digital wallet?
Mobile banking made easy
We all know how important it is to protect our banking accounts with strong passwords. But logging in to your mobile banking apps with those strong passwords gets tedious, fast. By storing usernames and passwords in LastPass, you can quickly fill or copy-paste your credentials.
Easily log in to payment providers
If you use peer-to-peer payment sites like PayPal or Venmo, your digital wallet can store all your logins for you.
No more digging for your wallet
When you’re checking out online, there’s no more need to go find your wallet and painstakingly type in your credit card number. Creating a profile in your password manager ensures you always have your card on hand when you're ready to make a purchase. It also lets you easily check out as a guest if you'd prefer not to store your credit card with every online vendor you use.
Protect your digital wallet with two-factor authentication
It may be difficult to secure your physical wallet, but storing your payment information in LastPass allows you to not only protect that information with a strong master password but also two-factor authentication. Two-factor authentication simply adds another login step, requiring an authentication code, fingerprint swipe, or approval notification before access is granted.
How secure is my digital wallet?
If you use LastPass as your digital wallet, it’s very secure. With local-only encryption, your data is encrypted and decrypted at the device level. Data stored in your vault is kept secret, even from LastPass. Your master password, and the keys used to encrypt and decrypt data, are never sent to LastPass servers, and are never accessible by LastPass. We are also SOC 2 Type II compliant. This detailed review of our controls and processes is a “gold standard” for confirming the security and reliability of LastPass.
It's safe to say that this electronic wallet is much more secure than the physical one you carry around in your pocket every day.