You now can have more control over the security of your debit card!
Upgrades to free mobile app enhance user controls to help prevent fraud and track spending
As data breaches become more commonplace, debit card users need to take better control of the security of when, where and how their debit card is used. There is not much a consumer can do to prevent cards from being compromised, but tools are available to help mitigate potential fraud.
Heritage Bank is partnered with CardValetTM, a debit card management and fraud mitigation tool for debit cardholders. With this free app, cardholders have the ability to actively manage their debit card usage – setting parameters for when, where and how a debit card is used. “This powerful tool brings debit card management right to the user,” Heritage Bank CEO Tom Geiger says. “I can turn ‘off’ my debit card from my smartphone, and then turn it back ‘on’ when I want to use it.”
Recent upgrades to CardValet provide easier navigation and multiple new enhancements to bring a better user experience.
- Joint accounts that have more than one debit card can now register multiple users and all users will receive alerts for denied transactions
- Frequent travelers can set multiple location profiles which allows the debit card to be restricted for use in “my location” while also maintaining settings for three regions per card
- All spending from a debit card account can be tracked for the current month
These upgrades add additional value to features CardValet users already benefit from such as realtime alerts which create another layer of fraud protection by bringing it to your immediate attention that a transaction was attempted and/or declined.
Mitigating debit card fraud is a partnership between consumers and banks, and with CardValet, Heritage Bank debit cardholders have a way to actively monitor and control their debit card usage. CardValet is a free mobile app, however, it can only be used with debit cards from participating financial institutions. “Heritage Bank is proud to be one of the first banks in our region to participate,” Geiger said. “We recognize how CardValet could empower our customers and provide peace of mind.”
CardValet is available through the Apple App Store and Google Play App Store and can be used with business and consumer debit card accounts at Heritage Bank. Find out more at debitcardcontrol.com.