SBI Quick introduces facility to control debit card frauds
To check debit card frauds, SBI has launched a facility under 'SBI Quick: SMS and Missed Call Banking' service whereby the customer can choose to activate or deactivate their cards using various platforms, like ATM, and Point of Sale (POS).
Activation or deactivation of the debit card can be done using platforms like ATM, Point of Sale (POS), e-commerce websites, international usage and domestic usage. This can be done by just sending an SMS, SBI said in a statement on Monday. "While the facility of restricting debit card usage is available on the internet banking platform of the bank, we had to find a way to provide our customers with a simple but effective solution to curb this menace," said SBI DMD N K Chari.
SBI Quick, a mobile APP, provides a range of services and works on the condition that the SMS/missed call should come from the mobile number registered with the bank.