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Southern Bank Now Offering Security App

1 min read

Southern Bank — a $1.3 billion financial institution based in Missouri, but with locations in seven Arkansas cities — has launched CardValet, a security service in mobile app form allowing customers to control “when, where and how” their credit or debit card is used, a bank news release said.

“Southern Bank is excited to be the first in our region to bring this level of protection against fraud to our customers,” Kimberly Capps, the bank’s executive vice president and COO, said. “With increased cases of fraud and financial information being compromised through various data breaches, we felt it was critical to offer our customers additional ways to protect themselves.”

CardValet is a mobile app offered exclusively to Southern Bank account holders. It can be downloaded for either Apple or Android phones.

“Using CardValet, cardholders can immediately turn off their card if it is lost or stolen, or when it simply is not in use,” the release stated. “Cardholders can also establish spending limits to allow transactions up to a certain dollar value and decline transactions when amounts exceed predefined thresholds. In addition, transactions can be monitored or controlled for specific merchant categories, such as travel, restaurants or entertainment, and can be denied or reported for specific types of merchants.”

For more information, visit BankWithSouthern.com.

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