Money & Banking

SBI launches mobile app to control debit card frauds

PTI New Delhi | Updated on January 20, 2018 Published on April 25, 2016

To check debit card frauds, SBI has launched a facility under ‘SBI Quick: SMS and Missed Call Banking’ service, whereby customers can choose to activate or deactivate their cards using various platforms.

Activation or deactivation of the debit card can be done using platforms such as ATMs, point-of-sale (PoS) terminals, and e-commerce websites. 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 Deputy Managing Director NK 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.

Published on April 25, 2016
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