Visa tests mobile phone service to tackle card fraud

Visa Europe is trialling an SMS transaction alert service for cardholders in an attempt to step up card security. Computing.co.uk reports.

Using the service, Visa credit card holders can instantly receive on their mobile the time, location and amount of each transaction.

Cardholders can choose to have the updates delivered via text message, mobile email or to applications running on smartphones such as the iPhone or Android-based devices.

The alerts are being tested with Visa staff in the UK and its network of member banks, and the service will be made available to consumers if the trial is successful – in which case, future developments could include instant conversion into the user’s home currency while abroad.

emily | 2:19 PM | SMS and Banking |
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