First National Bank of Pennsylvania, the largest subsidiary of F.N.B. Corporation (FNB), has introduced CardGuard, the latest upgrade to the FNB Direct mobile banking app.
CardGuard gives FNB customers real-time control over how their debit card is used, providing enhanced protection against fraud and improved budgeting support.
FNB is one of the first banks in the country to fully integrate debit card control capabilities through its mobile banking app.
"With CardGuard, we are excited to offer consumers additional security and convenience with yet another distinct feature of the FNB Direct Mobile Banking app," said Sam Kirsch, Director of Digital Channels and Payments for First National Bank. "This is just the latest example of FNB's overall corporate vision of investing in technology to improve the banking experience for our customers."
CardGuard provides additional protection against fraud, since customers are able turn their debit card "on" or "off." When the card is "off," no withdrawals or purchases will be approved, with the exception of previously authorized or recurring transactions. Additionally, transaction controls can be set according to location, meaning transactions attempted outside of the geographic parameters set by the customer will be declined.
With CardGuard, customers are able to better manage their spending by establishing limits for debit card purchases based on the amount of the transaction. Additional controls can be set to manage spending in different categories by enabling or disabling transactions for certain merchant groups, such as gas, grocery or retail stores.
Real-time alerts notify customers when their card is approved or declined. Customers are able to adjust their settings - including transaction controls and whether the card is set to "on" or "off" - at any time via their mobile device.
CardGuard is the most recent addition to FNB's comprehensive line-up of online and mobile banking tools and part of an ongoing clicks to bricks strategy designed to create a seamless, multi-channel customer experience. To view a video highlighting CardGuard's unique features, click here.
FNB Direct Mobile Banking with CardGuard may be used by consumer and small business customers with the FNB Direct mobile banking app, which is available to all Online Banking customers. The FNB Direct app is free to install. Message and data rates from mobile carriers may apply. System availability and response time are subject to market conditions.