Attention contactless credit card holders! Make sure to enable this setting in your mobile app

Contactless payment options have become widely used in daily life, from grocery stores to restaurants, and from public transportation to small purchases. Especially in cases where these cards, which offer the advantage of fast transactions, are lost or their information is obtained by third parties, the possibility of unauthorized transactions being made from the user's account should not be ignored.

Experts providing insights on financial security have underscored that tracking expenditures made with contactless cards in real-time is an effective measure to prevent potential grievances.

The "instant spending notification" feature found in mobile banking applications running in the background ensures that every purchase made with a debit or credit card is notified to the user within seconds. Experts warn that if this notification is turned off, cardholders may notice potential suspicious transactions too late.

Financial circles offering recommendations to cardholders advised the following steps to be taken:

After logging into the mobile banking application, you must enter the "Card settings" or "Notification preferences" section and keep spending and transaction notifications permanently enabled. In this way, card activity can be monitored in real-time, and the user is instantly informed whenever a transaction is made.

Experts emphasize that it is of great importance to contact the bank without delay as soon as a suspicious transaction made with the card is noticed. By canceling the card quickly, it is possible to protect users from larger financial losses.

Additional measures include reducing the contactless transaction limit, regularly checking account activity, and keeping SMS and application notifications turned on. Furthermore, canceling the card quickly if it is lost, not sharing card information and verification codes with others, and being extra careful when performing banking transactions on public Wi-Fi networks are among the other recommended precautions.

News Source: 12punto