The payment card-security technology company has announced that its card-control technology has been updated to work with Apple and Android watches.
Now, card users can receive notifications and alerts directly to their watch. Most importantly, users will now have the ability to lock and unlock their card directly from the watch.
The company has also said that the smart watch capabilities extend beyond merely getting updates and locking the cards, giving the user general and specific control. As well as completely disabling the card, users can block specific actions. They can isolate transactions such as transfer of funds, cash withdrawal and foreign use, and block them individually.
Cardholders will be able to use this card control service as soon as their bank or issuer implements the technology into their mobile banking app.
“Our support for the Apple Watch and Android Wear platforms is part of our continuous drive to empower consumers to secure and enable their cards anywhere and at any time,” said Aurelien Duarte, CEO of Tranwall.
Whitepapers
Related reading
5 ways blockchain can change the cross-border payments landscape
Cross-border payments is a changing sector of the industry, driven by customers demanding little to no friction and encountering multiple steps, intermediaries ... read more
The SME technology revolution | video
The UK is home to 5.4m micro SMEs that have fewer than nine employees, according to the House of Commons library. They ... read more
JP Morgan blockchain network showcases banks’ DLT progress
JP Morgan’s expansion of its blockchain-based interbank payments project signals that major banks are stealing a march on disruptors and startups by ... read more
Security a priority for EU’s INATBA blockchain taskforce
The European Commission’s new blockchain initiative, the International Association for Trusted Blockchain Applications (INATBA), should focus on quashing extant security concerns around ... read more
