A credit union’s on/off card switch

first_imgMembers of Educators Credit Union can now download an app to turn their credit and debit cards on and off, setting controls for purchases by transaction and merchant type or location.The $1.4 billion Racine, Wis., CU rolled out the app, called CTRL and developed by Ondot Systems, in August. “It puts complete control of their cards into members’ hands,” says Katherine McCabe, AVP/e-strategy.Members can restrict their cards from use for online purchases, for example, or to allow purchases only in the Racine and Kenosha areas, McCabe notes. They could set dollar limits or turn their debit cards off for gas purchases at the pump to avoid preauthorization holds.The app permits members to enable push notifications to get alerts of attempted card transactions thwarted by the controls they set. continue reading » 21SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more