Wells Fargo and Visa Inc have announced the rollout of Rapid
Alerts for Wells Fargo Visa credit cardholders. The service allows
consumers to track their spending whilst alerting them to
potentially fraudulent activity.
Alerts are sent on behalf of Wells Fargo
directly from VisaNet, Visa’s global processing network within
seconds of a transaction occurring. Rapid Alerts are triggered when
the transaction meets certain criteria previously selected by the
Wells Fargo Visa account holder and delivered via text message or
e-mail.
Rapid Alert messages contain the amount, time
and date of the transaction, as well as currency conversion and
information relating to the merchant, such as name and location.
Cardholders are also alerted to Wells Fargo Visa credit card
payments that are declined.
Wells Fargo credit card customers can learn
more and sign up for the service at rapidalerts.wellsfargo.com.
They will be able to choose the kinds of transactions for which
they wish to receive alerts. Criteria for transaction alerts that
cardholders may choose include: transactions that exceed a dollar
amount chosen by the cardholder, transactions initiated
internationally, card-not-present transactions, such as purchases
made online or by telephone, cash withdrawals from an ATM machine,
declined transactions or petrol transactions.
