MED5 Federal Credit Union is pleased to introduce CardValet!
CardValet is a mobile card management application that helps reduce fraud. The app allows cardholders to monitor and manage accounts with their smartphone and control how, when, and where their debit or credit card is used. Real-time alerts can be customized based on the types of information each cardholder would like to receive.
For example, you can set up an alert to be notified when a card is used, when a transaction is approved and exceeds any of the permitted use policies, or when a card transaction has been attempted but has been declined based on your personalized settings. This means you’re going to know all about what’s going on with your finances at MED5! Pretty cool, right?
CardValet offers custom notification settings based on geographic location, different purchasing categories (household, gas station, travel, etc.) and spending limits. You can add multiple cards to one account, view your MED5 account activity, and even set usage restrictions on the card. However, possibly the BEST feature of CardValet is the ability to “turn off” your card if it is ever lost or stolen – just from the app!
Own a small business?
CardValet is perfect for you! All transactions can be monitored or controlled for specific merchant categories, such as travel, restaurants, or entertainment, and can be denied or reported for types of merchants deemed not business-related.
Best of all? It’s FREE! That’s right. It will cost you zero, zilch, goose egg, nada, a big fat $0 to monitor your MED5 FCU finances!