News

Discover introduces credit card with on/off switch

Tuesday 21 April 2015 00:13 CET | News

Discover has rolled out a new security featured that enables its cardholders to turn off the card temporarily.

The consumers can throw the switch using the mobile app Freeze It, via the web or calling the toll-free number, and in seconds that Discover card is turned off. This will prevent new purchases, cash advances and balance transfers until the card is turned back on. Automatic charges to that card will continue as scheduled.

If the cardholder tries to use the card and they forgot to turn it back on, they will get a text or e-mail alert. This will also let them know if someone is trying to use that frozen card number. This move could save Discover a lot of money by reducing the number of replacement cards it has to issue.

 


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: cards, payment methods, alternative payments, online security, web fraud, data security, Discover
Categories: Fraud & Financial Crime
Companies:
Countries: World
This article is part of category

Fraud & Financial Crime






Industry Events