US-based lender Heartland BanCorp, the parent of Heartland Bank, has rolled out a range of client security tools to reduce risk of card and online fraud.
The new offerings include the Card Valet, a smartphone app that has been designed to help cardholders control card usage by defining when, where and how their cards are used.
The solution helps cardholders prevent fraud by turning cards on and off, with real time transaction notification, and other customisable alerts. In addition, users can also set spending limits.
The bank has also launched the new IBM Security Trusteer Rapport, which will be provided for free to Heartland Bank online banking customers.
The new service protects a customer’s computer by reducing financial malware infections, detecting the malware installation process and breaking it.
Heartland BancCorp chairman, president and CEO G. Scott McComb said: "This area is a moving target. Cyber security, counter measures, and malware detection are on the front lines of transactional and payments landscape world-wide. Any and all measures that can be taken, should be taken to mitigate risk."