Introducing CardValet® - Control Your Debit Card Anytime and Anywhere

October 13, 2017 | Lakewood, OH

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First Federal Lakewood is pleased to introduce CardValet®, a mobile card management application that helps reduce fraud by allowing cardholders to monitor and manage accounts with their smartphone and control how, when, and where their debit card is used.
 
CardValet was developed in partnership with Fiserv and is available in the Apple® App Store or Google® Play. Once CardValet is set up, cardholders have the ability to receive alerts, set transaction controls, and “turn off” their card if it is lost or stolen.
 
Real-time alerts can be customized based on the types of information each cardholder would like to receive. For example, a cardholder can set up an alert to be notified when a card is used, when a transaction is approved and exceeds any of the permitted use policies, or when a card transaction has been attempted but has been declined based on the parameters established.
 
CardValet offers cardholders the capability of linking additional accounts to better monitor dependent spending. For example, by using the GPS system in their smart phone, geographic use restrictions can be established for college students along with restrictions on merchant type and spending limits.
 
CardValet is also ideal for small businesses. All transactions can be monitored or controlled for specific merchant categories, such as travel, restaurants, or entertainment, and can be denied or reported for types of merchants deemed not business-related.

“CardValet is ideal for users who want to actively monitor and manage their cards. CardValet’s inventive and thoughtful approach to card management makes the user experience as easy as possible,” said Nancy Dixon, SVP, Digital Innovations Officer. "We are excited to offer this tool to our cardholders! Not only is CardValet user-friendly and convenient, but it will aid in our continued efforts to prevent fraud and identity theft for our cardholders.”
 
 
First Federal Lakewood
First Federal Lakewood is the largest independent depositor-owned bank headquartered in Ohio with assets of $1.6 billion. With 18 full-service branch locations and 14 mortgage lending offices throughout Ohio, First Federal Lakewood provides deposit, lending, residential mortgage lending, cash management and investment services to individuals and businesses. Since 1935, First Federal Lakewood has been a stable community owned bank committed to deploying funds that foster local economic growth.
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