Intracoastal Bank Offering New Service to Reduce Fraud

PALM COAST, Fla. - Nov. 10, 2016 - PRLog -- Intracoastal Bank is pleased to announce CardValet^®, a mobile card management application that helps reduce account fraud and identity theft by allowing cardholders to monitor accounts with their smartphone and control how, when and where their debit card is used.

"We're excited to offer our customers CardValet" said Bruce Page, President/CEO of Intracoastal Bank. Page added "This state of the art service helps achieve our goal of offering our community the most innovative and advanced technology available. This technology, integrated with our personal service, provides the highest quality customer experience available," he added.

CardValet is available in the Apple^® App Store or Google^® Play. Once CardValet is set up, cardholders have the ability to "turn off" their card when not in use, establish transaction spending limits and decline a transaction when the amount exceeds a predefined threshold.

Real-time smartphone 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. So, 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.

Intracoastal Bank is a locally owned and operated financial institution. Intracoastal Bank's Flagler County banking center is located at 1290 Palm Coast Parkway, NW, Palm Coast, Florida 32137. The Bank's Volusia County Banking Center is located at 2140 LPGA Blvd., Daytona Beach, FL  32117. The Bank serves the Northeast and East Central Florida area. The bank offers a full range of deposit and loan products tailored to meet the needs of customers and the community including retail and commercial loan products, mortgage loan origination, small business products and convenient 24-hour ATMs for customers and non-customers to use. The bank is a state charted commercial bank, member FDIC.

Corporate information and e-banking are available at www.intracoastalbank.net. They can be reached at 386-447-1662, or Facebook at https://www.facebook.com/intracoastalbank.