If you’ve tried to buy something on your credit card while travelling and been declined because your financial institution didn’t know exactly where you were ahead of time, this solution from Telus will get your attention.
Telus along with a company called Syniverse and credit card issuer MasterCard announced that that they are bringing a new, opt-in mobile technology to help customers make secure mobile purchases while travelling:
The Syniverse Mobile Intelligence Portal optimizes “mobile context” – information about customers’ mobile characteristics, like where they go, their current geographic location, what mobile channels they use and how they prefer to make purchases – to confirm the cardholder’s mobile device is in the same location where the sale or purchase is taking place.
“Today, up to 80 percent of the payment transactions that are declined while people travel abroad are actually legitimate, creating a real headache for consumers, retailers and financial institutions,” said Hany Fam, President, MasterCard Enterprise Partnerships. “Combining the speed and intelligence of our global network with mobile context data can help us further improve the user experience for cardholders by ensuring legitimate transactions are approved without the consumer having to take additional steps.”
“Working with Syniverse and MasterCard, TELUS will offer customers a whole new level of protection and peace of mind while on-the-go,” said Brent Johnston, Senior Vice President, Consumer Marketing, TELUS. “Our work with Syniverse combined with TELUS travel passes and roaming notifications give customers the confidence to use their payment cards and mobile services anywhere they travel.”
This will save me the need to contact my bank before I travel to someplace new. I do that because if I don’t I run the risk of something happening like not being able to rent a car or check into a hotel. It doesn’t happen every time I travel, but it has happened frequently enough that I take this extra step to protect myself.
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This entry was posted on August 14, 2014 at 6:44 pm and is filed under Commentary with tags Telus. You can follow any responses to this entry through the RSS 2.0 feed.
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Telus Helps Secure Mobile Purchases While Travelling
If you’ve tried to buy something on your credit card while travelling and been declined because your financial institution didn’t know exactly where you were ahead of time, this solution from Telus will get your attention.
Telus along with a company called Syniverse and credit card issuer MasterCard announced that that they are bringing a new, opt-in mobile technology to help customers make secure mobile purchases while travelling:
The Syniverse Mobile Intelligence Portal optimizes “mobile context” – information about customers’ mobile characteristics, like where they go, their current geographic location, what mobile channels they use and how they prefer to make purchases – to confirm the cardholder’s mobile device is in the same location where the sale or purchase is taking place.
“Today, up to 80 percent of the payment transactions that are declined while people travel abroad are actually legitimate, creating a real headache for consumers, retailers and financial institutions,” said Hany Fam, President, MasterCard Enterprise Partnerships. “Combining the speed and intelligence of our global network with mobile context data can help us further improve the user experience for cardholders by ensuring legitimate transactions are approved without the consumer having to take additional steps.”
“Working with Syniverse and MasterCard, TELUS will offer customers a whole new level of protection and peace of mind while on-the-go,” said Brent Johnston, Senior Vice President, Consumer Marketing, TELUS. “Our work with Syniverse combined with TELUS travel passes and roaming notifications give customers the confidence to use their payment cards and mobile services anywhere they travel.”
This will save me the need to contact my bank before I travel to someplace new. I do that because if I don’t I run the risk of something happening like not being able to rent a car or check into a hotel. It doesn’t happen every time I travel, but it has happened frequently enough that I take this extra step to protect myself.
Cool!
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Like this:
Related
This entry was posted on August 14, 2014 at 6:44 pm and is filed under Commentary with tags Telus. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.