Have you ever left your card at a bar? Or think you lost your card, only to find it ten minutes after you cancelled it? Or worse, discovered fraud long after funds were taken from your account?
It’s your card, and you should have the same awareness and ability to protect your card that your bank has. With yesterday’s update to our iPhone app, customers using Simple for iPhone have that power.
We believe increased transparency brings increased security. We’re now making it even easier for you to stay on top of your financial activity: within a few moments of making a purchase, you’ll receive a push notification with the amount of your purchase and the name of the merchant.
If you’re using Simple for iPhone, you may have already noticed these helpful little messages.
Along with improved transaction awareness, Simple for iPhone now allows you to temporarily suspend use of your card. Just go to the “Account” tab and select “Lost or Stolen Card.” From there, tap “Block Card.”
This great feature is available in the web app for all customers. Go to the “Card Management” screen under “Account Settings” and click “Block Card.”
After blocking your card, any additional card transactions will be declined. If you find that there’s no reason to be concerned about your card’s security, tap “Open Card,” and you’re free to use your card again.
This update represents a big step forward in our mission to bring awareness and security to your financial life. With transaction notifications on your iPhone, you’ll be the first to know if there’s unexpected activity on your card, and with card blocking, you’ll be able to do something about it. As someone who has forgotten his card in a bar or two, I’m ready to replace an anxious night of worry with a few taps on my phone and a peaceful night’s sleep.
For more info about features–in addition to blocking and unblocking a card–that are an important part of online banking security, check out this article.