Vantiv, a provider of payment processing services, has launched MobiMoney, a new mobile payments app that provides cardholders with a secure and easy-to-use debit card management tool.
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MobiMoney has security features such as real-time fraud alerts, the ability to limit card usage to certain merchants and the ability to set spending threshold amounts.
The solution also features an affordable option that allows for quick, easy integration with existing platforms and provides financial institutions a "virtual bookshelf" of mobile solutions that can work to mitigate fraud.
Sarah Bernard, senior vice president for core products at Vantiv, said: "MobiMoney has the potential to transform the way consumers go about managing their spending on a daily basis.
"It serves as a tool that provides financial institutions with a dynamic platform through which they can more easily retain current customers and engage new ones and also enables cardholders to take more control of their own security."
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By GlobalData
