News Column

Fidelity Bank Unveils Protection for Verve, Mastercard Holders

July 6, 2014

As part of efforts to protect customers, the management of Fidelity Bank Plc, says it has implemented a security solution that effectively protects its Verve and Debit MasterCard cardholders in all their online transactions on Nigerian websites.

A statement by the bank quoted the Managing Director, Nnamdi Okonkwo, as assuring that the solution will help customers accomplish transactions like: airtime recharge, tickets, and general shopping. He said customers would be sent a one-time-password on their registered mobile phones.

He added that the solution will enable customers use the code to complete their transactions even if someone else had seen their card details, saying "that person will also need to have their phones to conclude the transactions".

Okonkwo who spoke through the Divisional Head, Electronic Banking, Adedeji Olowe, noted that the initiative is in addition to the security system that the bank already has put in place, which constantly scans customers' transactions for unusual activities.

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Source: AllAfrica

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