Syniverse and First Performance Global have formed a joint venture to prevent fraud and identity theft as a result of real-time mobile transaction alerts and dynamic card controls.
SyntraPoint will be able to allow cardholders to receive real-time alerts through multiple cross-channel delivery mechanisms, including in-app push, SMS, phone call and email. Additionally, transaction controls on purchase limits and locations will allow cardholders to define how, when and where payment transactions may occur.
Payment card mobile transaction alerts through SyntraPoint will be available for all global, major card brands and transaction payment channels, including point of sale, mobile pay, online and ATM transactions worldwide.
The technology also works in full complement with EMV and chip cards as a way to overcome traditional industry challenges in protecting transactions made online.
Both Syniverse and First Performance Global have a history of enabling technology solutions for a global marketplace across a variety of industries.
Syniverse recently announced its work to help several financial institutions engage their users, including Western Union’s loyalty program, Banco Santander’s customer communications and MasterCard’s travel alerts.
First Performance recently announced a partnership with G-Xchange (GXI), a subsidiary of Mynt and a wholly-owned financial services subsidiary of Globe Telecom that operates the operator’s flagship mobile commerce product GCash. The partnership enables the launch of GogoNogo, a mobile security app that allows users to turn on and turn off payment capabilities of their prepaid, debit or credit cards through their mobile devices, therefore increasing user security and purchase control.
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