CardValet is a mobile card management application that helps reduce account fraud by allowing cardholders to monitor accounts with their smartphone and control how, when and where their debit/credit card is used. It is a perfect complement to Ulster Savings' existing Mobile Banking and Online Banking solutions!
Here are some key benefits of using CardValet:
Cardholders have the ability to "turn off" their card when not in use, establish transaction spending limits and decline a transaction when the amount exceeds a predefined threshold.
Real-time smartphone alerts can be customized based on the types of information each cardholder would like to receive. (i.e.: card use notification, transaction declined based on established parameters, etc.)
You can link additional accounts to better monitor your children's spending. Restrictions can be set using geographic (using their smartphone's GPS system), merchant type and spending limit parameters.
Small Businesses can monitor and control employee transactions for specific merchant categories, such as travel, restaurants or entertainment. Transactions can be denied or reported for types of merchants deemed not business related.
Investment, Tax, Payroll and Insurance products and services offered through Ulster Insurance Services, Inc. and Ulster Financial Group, Inc., subsidiaries of Ulster Savings Bank, are NOT FDIC INSURED.