Did you know that with a Merck Employees FCU Visa Debit Card you have access to CardValet—a mobile app that helps reduce account fraud by allowing you to monitor your accounts with your smartphone and control how, when and where your debit card is used?
Available in the Apple® App or Google® Play stores, once CardValet is set up, you have the ability to “turn off” your card when not in use, establish transaction spending limits and decline a transaction when the amount exceeds a predefined threshold. Plus, real-time smartphone alerts can be customized based on the types of information you would like to receive. For example, you can set up an alert to be notified when your card is used, when a transaction is approved and exceeds any of the permitted use policies, or when a card transaction has been attempted but has been declined based on the parameters established.
CardValet offers the capability of linking additional accounts to better monitor dependent spending. By using the GPS system their smartphone, geographic use restrictions can be established for college students along with restrictions on merchant type and spending limits. Download the app today!