Interswitch deepening security measures against card fraud— Don-Okhuofu
Divisional CEO of Interswitch Industry Vertical Markets, Mrs Chinyere Don-Okhuofu has said that her company fully understands the need for better security measures especially regarding card fraud.
It would be recalled that in a proactive bid to further consolidate the positive trend and promote lasting solutions to mitigate financial fraud in Nigeria, Interswitch partnered with Tranwall, an international leader in transaction security and control with a highly-skilled development team, and WEMA bank to launch Wema Card Control in December 2015
She said “Tranwall’s technology is a perfect fit for our market, providing complete card base coverage, and support for both legacy feature phones and smartphones”.
“We need partners with the right technology and resources as well as partners who are as committed to the cause of fraud eradication as we are. For us, Card control has been another outstanding rollout, deployed in record time. We are proud to continue to deliver and lead in the space of Card Control.
“We’ve seen a fantastic uptake in the technology and without question; Wema Bank has proven the value of Card Control for all stakeholders. We’re extremely proud to be partnering with Tranwall in implementing this ground-breaking initiative.”
The implementation of Card Control by Interswitch heralds a new era for payment security in Nigeria, as it was the first time such safety measures were deployed in the country, thus empowering customers with the ability to secure their cards.
Cardholders in Wema bank for example use the WemaMobile Banking Suite (available on iPhone, Android, Blackberry and Windows Mobile), SMS or Internet banking to switch their cards ON or OFF, or to secure and control specific transaction types, such as Travel, Web purchases, In-store purchases or ATM withdrawals.
Aurelien Duarte, CEO of Tranwall said “Tranwall Transaction Control provides a richer and more customer-centric solution to banking customers, allowing cardholders to be part of fraud prevention by enabling them to secure their cards via their mobile phones. We are proud to be working with Interswitch in making payments more mobile, customer-centric and improving the cardholder security and experience in Nigeria.”
