The dream of a fully functional mobile wallet is still years away, but you can give your members the services they want right now.
When news broke about the theft of Target customers’ credit and debit card accounts, Gesa Credit Union quickly told its members about Real-Time Mobile Alerts from VISA, which allows cardholders to set thresholds that trigger an immediate transaction alert via text message, email or push notification to a mobile device. If the transaction appears to be irregular, members can immediately contact Gesa to help stop further transactions on the card.
Credit unions need to manage both fraud risks and member convenience. Our Strategic Link question of the week features a solution offered by Member Access Pacific.