Neighbors Federal Credit Union announces CardValet
BATON ROUGE, LA (November 14, 2016) — Neighbors Federal Credit Union is pleased to introduce CardValet®, a mobile card management application that helps reduce account fraud by allowing cardholders to monitor accounts with their smartphone and control how, when and where their debit card is used.
CardValet was developed in partnership with Fiserv and is available in the Apple® App Store or Google® Play. Once CardValet is set up, cardholders have the ability to “turn off” their card when not in use, establish transaction spending limits and decline a transaction when the amount exceeds a predefined threshold.
Real-time smartphone alerts can be customized based on the types of information each cardholder would like to receive. For example, a cardholder can set up an alert to be notified when a card is used, when a transaction is approved and exceeds any of the permitted use policies, or when a card transaction has been attempted but has been declined based on the parameters established.
CardValet offers cardholders the capability of linking additional accounts to better monitor dependent spending. By using the GPS system in their smart phone, geographic use restrictions can be established for accounts along with restrictions on merchant type and spending limits.
CardValet is also ideal for small business members. All transactions can be monitored or controlled for specific merchant categories, such as travel, restaurants or entertainment, and can be denied or reported for types of merchants deemed not business related.
“CardValet is ideal for members who want to actively manage their cards. CardValet’s inventive and thoughtful approach to card management makes the user experience as easy as possible,” said Tanya Lawrence, Vice President of Operations at Neighbors Federal Credit Union. “We are excited to offer this tool to our cardholders. Not only is CardValet user-friendly and convenient, but it will aide in our continued efforts to prevent fraud and identity theft for our cardholders.”
Learn more about Neighbors FCU’s mobile apps here.
About Neighbors Federal Credit Union
Neighbors Federal Credit Union is a not-for-profit financial cooperative operating as an association dedicated to "people helping people." A handful of educators started Baton Rouge Teachers in 1954 with a shoe box, a couple hundred dollars and the goal of making financial services available to school system employees in our area.
Now, Neighbors Federal Credit Union is the largest community-chartered credit union in the state of Louisiana with over 80,000 members and over $1 billion in assets. Since that time, Neighbors has undergone a variety of changes, but the mission has stayed the same: Enhance members' financial well-being and be a partner in the communities Neighbors serves.