SMS Transaction Alerting References

Description

The SMS Transaction Alerting solution is primarily used for card anti-fraud control and to provide quick overview on account balance changes.
In addition, by using this solution, the bank can send short text messages providing information about loans etc., and conduct direct sales activities to the customer.

Advantages

Advantages of the solution are:

• The transactions can be easily followed and controlled
• In case of unauthorized use, the card can be immediately suspended,
• Various details can be included in the messages,
• It is not necessary to go into the bank for any information and there’s no need 
       for internet connection either,
• It is cheap (charges are determined in advance or per sms, but depending
       the bank’s business model, it can even be free of charge),
• Its use requires no special technical ability.

SMS Transaction Alerting - Card use alert

Main features

The SMS Transaction Alerting solution supports the following activities:

• Immediate SMS alerts about card transactions,
• Immediate SMS alerts about account transactions,
• Information about campaigns,
• Process tracking information (for example: status of your loan application),
• SMS reminder on pending loan repayment.