Research suggests that turning cards on and off at the mobile app is fast becoming a favorite tool for members to protect their accounts from unauthorized use. Consumers are demanding self-service tools to combat fraud. With Card Control, your members can switch their cards on and off from their smartphone and the status is changed immediately. Members can choose to keep a card active within a specific region or when they are in the presence of their phone.  They can even choose specific merchant categories to enable and disable.

Consumer Transaction Controls (CTC)

Empower members to control how, when, and where their cards are used with Consumer Transaction Controls (CTC), credit unions can offer their cardholders the ability, via their mobile banking application or online website, to set restrictions and alerts on how their cards are used. Cardholders can define spending limits, impose channel restrictions (e.g., no e-commerce), prohibit international transactions or temporarily suspend their card’s use if ever misplaced or lost/stolen. CTC increases card security and helps customers to better manage their card spending, while building trust and card preference.