Tired of data breaches where
your Debit Card info gets hacked and money is taken from your account? We are
too! Take control of your debit card and help stop fraud with our new MobiMoney
phone app. With the MobiMoney app you can turn your Debit Card off and on, set
lower dollar amounts for approved transactions, receive notifications on
transactions, and other controls.
The Credit Union would
recommend that you use this FREE app to turn the card off/on as necessary and
set a dollar amount for approved individual transactions that you normally
perform, like $150.00 to $200.00. Setting notifications for some specified
dollar amount is also a good tool to make sure that only you are performing
transactions on your debit card. If a hacker attempts a $500.00 transaction in
California and you have these controls on, that transaction would be denied
plus you will receive an instant alert through your phone on the transaction.
You can always change your max dollar amounts for transactions so long as they
don’t exceed our daily institution cap of $1,500.00 per day. (Controls can be
changed live on the spot at any time using the app.)
To download the FREE app go
to your Play Store or iTunes and search for “MobiMoney”. After downloading the
app enter your MasterCard Debit Card number to enroll in the FREE service. IMPORTANT:
Please remember or record your “Username” so that you can reset your password
later if you forget it.
There is no worse feeling in
the world than having your MasterCard Debit Card in your possession and having
a counterfeit card transaction take place, stealing money from your account.
This FREE MobiMoney app can help to prevent that nightmare situation from
happening.
Personally, I use this
MobiMoney app to turn my debit card off when not in use. (Just remember to turn
back on before use!) When the card is turned on I have a lower dollar amount maximum in
place that I can change on the spot of a retail store if necessary. I also have
set transaction notifications to be sent on transactions above $50.00. These
would go through but I would see them immediately which would be helpful if one
came through that I didn’t do.
Please note that each joint
owner would need to enroll their own cards since card numbers vary by each
owner or joint owner. If the credit union had a majority of members using this
MobiMoney service for their MasterCard Debit Cards, unauthorized fraud losses
would decrease dramatically. Protect yourselves and take control using
MobiMoney!
CLICK HERE for a short video on the MobiMoney app by our card processor, Vantiv!
