Regions Bank introduces new card management tool that give customers more security and control over card usage
December 07 2017 - 09:00AM
Business Wire
Regions LockIt lets customers turn on/off card
transaction authorizations on eligible cards through the Regions
Mobile App
Regions Bank has introduced an innovative service that gives
customers more control over how and when their Regions’ debit,
credit and prepaid cards are used. Regions LockIt lets users turn
on/off authorizations for certain types of transactions on their
Regions personal CheckCards, Credit Cards and Now Prepaid Cards in
real time, providing additional fraud mitigation and convenient
spending control tools through the Regions Mobile App.
This innovative feature provides customers with another tool to
manage the safety and security of their finances, through a
best-in-class service that can be activated and used with each
eligible Regions Consumer Card in a customer’s portfolio. Features
of the service include the ability to:
- Set controls over authorizations for
online, in-store or ATM transactions.
- Turn off authorizations when a card is
misplaced or left inadvertently or when a customer has concerns
about other potential compromises; then turn authorizations back on
once the card is recovered.
- Receive a real-time alert from the
Regions Mobile App when LockIt blocks a transaction, and view a
repository of all blocked transactions.
“Making life better for our customers can be as simple as making
it easier for them to safeguard and manage their own finances,”
said Scott Peters, head of Regions Consumer Services. “LockIt gives
Regions customers more security, flexibility and convenience to
ensure their cards are used how they want, when they want.”
LockIt was implemented using First Performance Global, an
innovative technology platform that captures card transaction data
in real time.
“We are very excited to see the immediate benefits to Regions
customers from our work together on LockIt,” said Bill Hernandez,
Chief Executive Officer with First Performance Global. “Working
together, we’ve been able to bring an innovative and powerful tool
to their card holders, place control and alerts in their hands and
provide the company a strong foundation for meeting present and
future business needs.”
LockIt is available with no additional card registration and no
fees to customers and can be accessed through the Regions Mobile
App, available for download in the Android and Apple app
stores.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $123 billion in
assets, is a member of the S&P 500 Index and is one of the
nation’s largest full-service providers of consumer and commercial
banking, wealth management, mortgage, and insurance products and
services. Regions serves customers across the South, Midwest and
Texas, and through its subsidiary, Regions Bank, operates
approximately 1,500 banking offices and 1,900 ATMs. Additional
information about Regions and its full line of products and
services can be found at www.regions.com.
About First Performance Global
First Performance Global provides an innovative platform that
captures card transaction data in real-time, through integration
with existing card authorization systems. The platform enables the
delivery of card data, geolocation information, controls, alerts,
social media messaging, self-service, and call center management.
The company empowers card issuers to provide their customers with
self-service automation and personalized management of their
accounts, and utilize the platform to address timely market
conditions, to stay competitive, and to have a flexible set of
tools to meet future business, market, and regulatory demands. For
more information, visit www.firstperformance.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20171207005139/en/
Regions Financial CorporationMel Campbell,
205-264-4551mel.campbell@regions.comRegions News Online:
regions.doingmoretoday.comRegions News on Twitter:
@RegionsNewsorFirst Performance GlobalMary Brandon,
877-404-7667mary@firstperformance.comhttp://www.firstperformance.com
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