Cardholder Mobile Location Service
What is the Cardholder Mobile Location Service?
The Cardholder Mobile Location Service:
- Checks that a cardholder's mobile phone is located in same country as where the card transaction has taken place
How does the Cardholder Mobile Location Service benefit the Issuing Bank?
- Service helps to focus the banks fraud analysis
- Saves time on paperwork and overall administrative overheads - reduces bank costs
- The service is fast and easy to implement
- Creates more efficient fraud analysis, reduces the cost and increases the "catch" rate
- Customer are not directly contacted for validation of their location
- Simplified service so no training required
- Takes very little time to operate