With the increase in breaches that occur when carrying out financial transactions online, serious revolution is needed to prevent fraud. An app that allows users to turn their credit cards on and off was needed and developed, called ‘Card Control’.
With the swipe of a finger users can turn on and off their credit cards. The app also authorises the use of the card at specific stores, and disables or restricts online shopping. Users link it with their bank software and according to beta tests, card control has reduced fraud by up to 60%.
This tech is compatible with over 10,000 banks worldwide, and with time many Nigerian banks will key into it.