Visa To Provide SMS Alerts

Visa is teaming up with eight North American financial institutions to initiate a pilot program which will have 2,000 participants test the delivery of real-time notification alerts on Visa accounts. The program will allow users to receive notifications via email or SMS on transactions such as:

• Cash withdrawal from an ATM machine;
• A transaction initiated cross border;
• An Internet or telephone transaction and
• A transaction that exceeds an amount that has been chosen by the cardholder.