19 October 2017
visit www.response.ncr.com

Banque de la Méditerranée launches SMS notification service with CTL

20 December 2004  |  1326 views  |  0 Source: Card Tech Limited

Card Tech Limited (CTL), a UK-based leader in the global payments industry, announced today that Banque de la Méditerranée, of Lebanon is using its CTL solution to offer cardholders SMS confirmation of their authorisation requests.

Banque de la Méditerranée says its objective is to use the convenience and low cost of mobile telephone messaging to offer its customers peace of mind, while helping to protect them from card fraud.

CTL's ONLINE authorisation system, part of the company's PRIME solution for card and merchant management, generates an SMS each time a card is used to attempt a transaction. The SMS is then forwarded to the SMS gateway provided to Banque de la Méditerranée by elbarid.com and sent to the cardholder's mobile phone. The SMS tells cardholders whether requests to authorise transactions were approved or rejected; it also identifies the place where transactions are taking place. If a cardholder is unaware of a transaction attempt, it could be that the SMS notification has highlighted a case of skimming, (wherein a fraudster gets cards data and uses it on a fake card). The cardholder can call the bank to block further transactions.

Banque de la Méditerranée has completed a live test with a group of credit and charge cardholders and rolled out the new service. It advertised the service in its branches and sent an SMS to eligible customers, advising them how to subscribe.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.capgemini.comvisit www.fivedegrees.nlRegister now

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15692 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8861 views comments | 16 tweets | 22 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7963 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7082 views comments | 9 tweets | 17 linkedin
Santander InnoVentures leads $6m funding round for Mexico's ePesosSantander InnoVentures leads $6m funding r...
6213 views comments | 6 tweets | 3 linkedin

Featured job

to £70K base, £105K ote, benefits
London, UK

Find your next job