Comments on: Finextra: Lloyds TSB launches debit card fraud detection service

By: cardswitch technology

cardswitch technology — Fri, 07 Mar 2008 14:46:42 +0000

we provide such systems to card issuing banks. two of our systems allow cardholders to set up their own user limits. a transaction that does not meet these user limits will automatically trigger a notification (SMS and/or email) to the cardholder and flag the card account as compromised. Thus cardholders can ‘turn off’ their card accounts against cross-border atm/payments or internet transactions at will and ‘turn on’ their card accounts prior to using them cross-border or internet…

By: Colin

Colin — Thu, 15 Mar 2007 22:05:57 +0000

Dead on Jim. I know vendors such as Claremail have that capability, but at this point I only know what I read in the Finextra piece. Any knowledgeable vendors/folks out there, let us know!

By: Jim Bruene

Jim Bruene — Thu, 15 Mar 2007 05:56:57 +0000

Anyone know if they will be making a voice call or SMS or hopefully both (with customer selecting)? Two-way SMS with the ability to return a text “yes/no” response to the debit card alert, could be a mini-killer app for mobile banking.