Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Products
CO-OP Financial Services To Release Mobile Card Controls
RANCHO CUCAMONGA, Calif. (11/15/13)--CO-OP Financial Services, a credit union service organization based in Rancho Cucamonga, Calif., plans to introduce mobile card controls and alerts capabilities that allow members to set card controls based on their preferences, such as transaction type, merchant, location and payment thresholds.
 
The controls will be released early next year, CO-OP said, and will be delivered via a downloaded mobile device application.
 
Members of credit unions also will be able to perform specific self-service functions, including balance inquiries and fund transfers.
 
Card control and alert technology protects the cardholder as well as the credit union when a card is used in a way that's inconsistent with the user-identified parameters. Controls can be set by the cardholder so that specific types of transactions are immediately denied and the cardholder is alerted about any potentially fraudulent use.
 
Parameters that can be controlled include
  • Location. The cardholder specifies a geographic region where the card can be used, with transactions denied when used outside the parameters.
  • Transaction. The cardholder specifies allowed transaction types, such as in-store, online, recurring or ATM cash withdrawals.
  • Merchant. Merchant categories can be limited to gas, hotel, travel--whatever the cardholder mandates.
  • Dependent. Businesses, for instance, can set controls for each employee based on the employee's location and corporate rank.
  • On/Off. The cardholder simply turns the card on or off.


RSS





print
News Now LiveWire
At @FTC request, court halts operations of an alleged debt-relief scammer calling itself “FTC Credit Solutions.” http://t.co/qMsDBmKExH
4 hours ago
.@daytondailynews : The secret is out about #creditunions http://t.co/Aqu3pFTROV @DayAirCU @CODECreditUnion
5 hours ago
.@CUNA's @Nussle on @SenatorReid :(2of2)On behalf of more than 102M #CU members,I thank him 4 his leadership over the yrs/wish him the best.
7 hours ago
.@CUNA CEO Nussle on Sen. Reid’s decision not 2 seek re-election (1of2): Sen. Reid has a long history of #CU support throughout his career.
7 hours ago
#Jobless claims duck under 300K for 3rd straight week #Market #Economy http://t.co/jOsZWf9HNJ
7 hours ago