Silicon Valley Bank offers SMS text alerts

Source: Silicon Valley Bank

Silicon Valley Bank, the premier commercial bank for companies in the technology, life science, venture capital and premium wine industries, announced it will now offer SVB Business MasterCard account holders the ability to manage their accounts from any location and at any time using their mobile devices.

By sending a text message to S-V-B-T-X-T (782898), SVB clients will receive their credit card account information on their cell phone via secure Short Message Service (SMS) text message technology.

With SVB mobile messaging, clients can now view real time account information, such as account balances, available credit and recent transactions, for their SVB Business MasterCard accounts.

This is the first of several new mobile services available from Silicon Valley Bank, with additional services such as fraud alerts via SMS text message rolling out in the coming months.

"Text messaging has become an integral part of many of our clients' lives and one of the easiest ways to stay connected to business associates, family and friends," said Greg Becker, president of Silicon Valley Bank. "With SVB mobile messaging alerts, clients can use this familiar and simple tool to help manage their SVB Business MasterCard and stay on top of their business' expenses."

"We're excited to offer SVB mobile messaging to SVB Business MasterCard card holders as the first mobile service from SVB," said Pradeep Moudgal, Head of Global Cards & Merchant Services. "We know from CTIA-The Wireless Association® that more than 1.56 trillion text messages were sent in 2009 alone. Our clients are eager to use text messaging and mobile platforms to manage their business accounts and we're committed to providing them with the services to do so."

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