BSP announced that the new service known as BSP Visa Alerts will see registered BSP Visa Cardholders receive alerts via SMS, email or both for certain transactions performed.
Alerts will be triggered when customers use their cards to purchase goods or services over a certain amount either via ATMs, EFTPoS or transacting via the Internet, mail or telephone either in PNG or overseas. An alert will also be issued if a transaction is declined.
As the transactions have to go through VisaNet, Visa's information processing network, to enable an Alert to be triggered, all transactions would have to be performed at non BSP devices (ATMs, EFTPoS and Internet Payment Gateways). Alerts will not be triggered for transactions performed at BSP devices.
BSP Group Chief Operating Officer Robert Loggia when announcing the introduction of this new service said "BSP is committed to provide our Visa Cardholders with the best security measures and we are delighted that our partnership with Visa has enabled this, allowing our Cardholders to perform their transaction(s) with even more confidence".
"BSP Visa Card holders can now keep track of transactions that are made either with or without their authorisation or knowledge. Cardholders will receive an Alert within minutes of a transaction being performed and if it is fraudulent they can act quickly to resolve the situation and cancel their card," he said.
"This new service adds value to our customers, and it reinforces our commitment to make banking convenient and secure, anytime and anywhere," Mr Loggia added.
Caroline Ada, Country Manager for Visa in New Zealand and South Pacific, said "Security is one of our highest priorities and we are delighted to partner with Bank of South Pacific to deliver even greater confidence to Visa cardholders."
For more information and registration for the service BSP Visa Cardholders are requested to visit BSP's website www.bsp.com.pg