Fidelity Bank moves to protect MasterCard, Verve cardholders

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Fidelity Bank Plc says it has implemented a new security solution to protect the bank’s Verve and debit MasterCard holders in their online transactions.

The Chief Executive Officer, Fidelity Bank, Mr. Nnamdi Okonkwo, in a statement, said the solution would help customers to accomplish various business transactions including general shopping, airtime top up, and buying of airline tickets.

As a result, the CEO said the lender’s customers would be sent a one-time-password on their registered mobile phones.

According to Okonkwo, the solution will enable customers to use the code to complete their transactions, even if someone else had seen their card details, noting that “such persons will also need to have their phones to conclude the transactions.”

The statement also quoted the Divisional Head, Electronic Banking, Mr. Adedeji Olowe, as noting that the initiative was in addition to the security system the bank had put in place, which constantly scans customers’ transactions for unusual activities.

“Also our Visa cards have iPIN which provides additional layer of security when doing internet transactions, “he said, adding that “Fidelity Bank takes customers’ security banking transactions very serious and we believe you should be cashless with ease while we take care of the small details.”