Patriot Customers, Businesses Can Now Manage Debit Card Spending and Security via Mobile App

Patriot Bank is now offering CardValet®, a new card management and fraud protection tool free for its debit cardholders. Users can now actively manage their debit cards from their mobile device by simply downloading the app from the Apple® App Store or Google® Play Store.

CardValet allows users to create a budget and control spending by setting transaction controls for dollar amount limits, merchant categories, transaction types and geographic locations. The app’s fraud protection measures include real-time alerts for transactions and an on/off feature to manage when withdrawals and purchases can be made.

“This new and very useful tool is free and will further empower our customers to manage their budgets and spending, as well as spot and prevent fraud early, ” said Monique Mason, Patriot AVP – Retail Training Officer. “We are excited to offer this user-friendly and convenient feature that will improve our cardholders’ experience and help prevent fraud and identity theft.”

CardValet is also ideal for small businesses. With the capability to link accounts with multiple debit cards, all transactions can be monitored or controlled for specific merchant categories, such as travel, restaurants or entertainment, and can be denied or reported for merchants not deemed business related.

Real-time alerts create another layer of fraud protection by notifying users when a transaction was attempted, declined, or both. For example, a cardholder can set up an alert to be notified when a card is used, when a transaction is approved or exceeds the daily allotment, or when a card transaction has been declined based on the parameters established.

Topics: News