Feeling praning? PSBank says card lock users double in Q1
Their clients actually want the extra layer of security.
George Ty’s Philippine Savings Bank (PSBank) said more and more customers are using technology to their advantage by improving safety against skimmers and thieves.
In a statement, PSBank reported that users of their mobile card lock feature have soared by a whopping 232 percent during the first quarter from a year ago.
“A lot of banking functions are now available to our customers 24/7 through our online and mobile platforms. But even as we encourage our customers to take advantage of the ease and convenience that digital platforms offer, PSBank is deeply committed in providing a high level of security and protection for our customers,” PSBank Senior Vice President and Marketing Group Head Noel Tuazon said.
ATM Lock can be accessed via the PSBank online portal or mobile app, which restricts unauthorized use for withdrawals, point-of-sale, or online transactions.