Home Alone in India: Credit Card SMS Stops Runaway

sms credit card fraud prevention

sms credit card fraud prevention

So many facets of the credit card industry are fascinating, from being able to have your card authorized anywhere in the world in less than four seconds, to the predictibility of FICO scores and how they can be integrated through the credit lifecycle. Think about how amazing it is to have a bank card that can adapt to any currency, across a wide range of payment channels.

One of my personal favorites is SMS messaging.  I enjoy transacting with my Discover card or my Chase Freedom and just think it is cool that they can message my phone in near real-time to advise me of a recent purchase.  I don’t mind the messaging and set the notification limit at any transaction >= to $0.01.  I must get 50 of these messages a month.

The same technology just stopped a runaway child yesterday, as India’s Financial Express reports.

Home Alone!

I am a big fan of law enforcement and it is often easy to take them for granted, but this situation bears note.  The child has a fight with his parents.  The kid takes the mother’s credit card, calls an airline, books a flight, and then the mother gets an SMS message advising her of the charge.  She calls the local police, who connect with the airline, who capture the child at the gate.

When my kids were 12 years old, they’d probably be in bed by 10 on a Friday so they could be up at 7 the next morning to play soccer.  It is impressive, however, that a child not old enough to have a driver’s license had the ability to not only buy a ticket online, and get himself to an airport.

One thing for sure, if this happened in the Riley household, the child would have a pretty lean Diwali.  There would also be a discussion on the risks of friendly-fraud.

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