Certainly cash works if you are paying in person, but the new digital wallets may be even better.
Apple, Google and Samsung all have an app on their smart phones which enable you to make touches payments in many stores. The apps allow you to add your credit card information where it is securely stored and encrypted. When you are at the store you can make a contactless purchase by summoning the app. The apps confirm your ID through their normal fingerprint, facial recognition or password before they finalize the transaction. You payment information is kept safe and secret. Best part is you don't need to carry or get your wallet or credit card out in the store.
Keep it safe by reviewing your credit card statement for all transactions. You can also turn on credit card charge notifications.
These apps are great for transferring money to friends or family. Some of the more popular and more trustworthy are PayPal, Venmo and Zelle. You download the app, connect it to your bank account and then connect with people you know. I can't emphasize that enough. These apps do not guarantee or back up scam transactions so continue to use your credit card for purchases with other's whom you don't know. These are great apps to transfer money or to easily split a bill at a restaurant.
Keep it safe by only using the app with people you know.
These are the best and most secure way to make payments. Using your bank you can make utility bill, mortgage and any other type of payment to a company or individual. These electronic payments are backed by your bank and can be withdrawn if there was a problem or mistake. Being on the road and traveling a lot, I setup recurring bank payments for some of my bills so I never need to worry about sending the money. You can also use your checking account number and bank routing number to setup an automatic payment with utility companies or others. For example I logged into my Detroit Edison online account and added my bank account information so that they automatically pull funds from my checking account when the bill is due.
Keep it safe by only giving your account numbers to companies you trust. Avoid entering you account information on fake company sites. Remember don't visit them using links in emails.
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