Visa aims to stop fraud with SMS

Or email if you're a BlackBerry addict

Visa, in co-operation with eight other financial institutions, plans to test real-time transaction alerts over email and SMS to cut down on account fraud.

2,000 users will be part of the trial, which will allow them to find out within seconds when their account has been used.

Choice

Users can choose a number of options for alerts, including cash withdrawal, international use, internet or telephone use or if the transaction exceeds a certain amount.

Cardholders can verify the transaction amount by receiving the alert, or immediately contact their bank to stop any further transactions if they think there might have been any untoward activity.

Or it could just make you look popular down the pub when you use your phone to pay for a round that just clears the £5 limit.

ABOUT THE AUTHOR

Phones and Tablets Editor

Gareth (Twitter, Google+) has been part of the mobile phone industry from the era of the brick to the tiny device in the pocket... and now watching them grow back up to behemothic proportions once more. He's spent five years dissecting all the top phones in the world as TechRadar's Phones and Tablets Editor, and still can't resist answering the dreaded question - "which new phone should I get?" - with 15 choices.