Bank of Eastern Oregon has introduced a mobile phone-based tool for debit cards, MobiMoney.
MobiMoney gives customers a high degree of control over the use of their card, including instant notification of transactions, the ability to turn a card on or off and enabling cardholders to fight fraud by setting controls and alerts, according to a press release from the bank.
“We are very excited to introduce this new product,” Senior Vice President of Operations Becky Kindle said in the release. “MobiMoney will enable our cardholders to control their own debit cards, which will reduce their risk of fraud and identity theft, as well as provide them with access to real-time transaction history and account balances. In this age of highly sophisticated account hackers, we feel this is a valuable tool for each and every one of our cardholders with a mobile device.”
With MobiMoney, BEO debit card customers also have the ability to transfer between accounts tied to their cards. Additionally, customers can now specify when they want their card to work within a specified country or area, and also turn off certain types of transactions, such as online or those from a specific merchant.
To download MobiMoney, visit the Apple App Store or Google Play.