Telefónica has joined forces with fraud management & mobile identity company TeleSign to unveil a new real-time alerts service for travellers abroad to enable them to enjoy worry-free transactions when making card payments abroad. The service provides travel alerts to the participating credit card provider or bank when a customer switches on their phone in a new country.
According to Telefonica, all a customer needs to do to opt-in is provide their mobile number to their participating bank or credit card provider. The solution is optimized to work with even the most basic phones and there is no need for users to download apps or for data roaming to be turned on. At the same time, the mobile location data shared is only used to verify the user’s countr location and is processed in highly-secure systems using encryption that meets strict regulatory requirements, said Telefónica.