School Systems Federal Credit Union offers CardValet®, a new card management and fraud mitigation tool for debit cardholders. Cardholders simply download the free app from the Apple® App Store or Google® Play Store, and then you can actively manage your debit cards.
With this new and powerful debit card management tool, as a cardholder you can set parameters for when, where and how your debit card is used. It’s easy to ‘turn off’ your debit card from your smartphone, and then ‘turn on’ your debit card when you want to use it.
The on/off feature is only one of the safeguards available with CardValet®. Using the GPS system in the smartphone, geographic use restrictions can be established. Other controls can restrict usage by merchant and spending limit. Real time alerts create another layer of fraud protection with notice that a transaction was attempted, declined or both.
CardValet® puts the control of debit cards right into the cardholder’s hands. Link more than one School Systems FCU account to keep track of all your School Systems FCU debit cards in one easy-to-use application.