The Members Group is now offering fraud text alerts to cardholders of its financial institution clients.
The Des Moines, Iowa, cards services company said the service is an opt-in offering and can be branded with the issuing institution's name.
Here's an example: ABC FI Fraud Alert: Please review the following transactions: 2010-04-20 – TARGET 303.33, 2010-04-20-Wal Mart 202.22, 2010-04-20 – Freds Bar n Grill 101.10, 2010-04-20 – NFM 90.99. Are any of these transactions Fraud? Reply Y or N. To stop receiving alerts reply STOP.
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