SafePass® Card Offers Added Security to Online Transactions
CHARLOTTE, N.C., Nov. 24 /PRNewswire/ -- Bank of America, the nation's leading provider of online and mobile banking services, today announced the release of the SafePass® Card. The new wallet-sized card essentially builds on SafePass, a one-time-use, six-digit code sent as a text message to consumers' mobile devices to authorize and help safeguard sensitive transactions. This offering from Bank of America is the latest in a host of security features that provide individual, small business and brokerage customers with an extra layer of security against unauthorized transactions.
"The introduction of the SafePass Card extends this additional layer of security to customers who prefer to receive it through a card instead of their mobile phone," said Lance Drummond, e-Commerce and ATM executive for Bank of America. "Now, customers have an additional way to access security products that help them to manage their finances safely on-the-go."
The benefits of using the SafePass service include:
- Additional layer of security for online transfers and BillPay
- Authorizing new individual or company payees
- Allows for increased transfer limits
- Supplementing the security of SiteKey® authentication for transactions from unrecognized computers and mobile devices
The new SafePass Card is one of Bank of America's strongest protections guarding against Online Banking fraud and identity theft. Customers simply push the embedded button on the card to receive a one-time-use, six-digit security code. Should the SafePass Card be lost or stolen, the card contains no personal account information for authentication purposes.
The SafePass Card is available for a one-time fee of $19.99, while the mobile-phone-based SafePass is still a free service to all customers.
For more information on SafePass and the SafePass Card, consumers may visit href="http://www.bankofamerica.com/privacy/index.cfm?template=learn_about_safepass
About Online Banking
Bank of America is a leading provider of online and mobile banking financial services, and its online site, http://www.bankofamerica.com/ , has received widespread recognition. The site is among the top 50 of all U.S.-based Internet properties in terms of unique visitors monthly, and No. 1 among business and finance sites, according to comScore Media Metrix. Nielsen/NetRatings ranks Bank of America as the top online full-service bank destination in terms of audience, page views and active reach on the site. Bank of America has ranked No.1 in Javelin Strategy & Research's safety scorecard four years in a row. Bank of America won the Webby People's Choice Award in 2006 and 2007 in the online banking/bill pay category. Global Finance magazine named bankofamerica.com the best consumer Internet bank in the world and ranked the bank No. 1 for its bill payment and presentment and online consumer credit sites.
Bank of America
Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. The company provides unmatched convenience in the United States, serving more than 59 million consumer and small business relationships with more than 6,100 retail banking offices, more than 18,000 ATMs and award-winning online banking with more than 25 million active users. Bank of America offers industry leading support to more than 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients in more than 150 countries and has relationships with 99 percent of the U.S. Fortune 500 companies and 83 percent of the Fortune Global 500. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.
www.bankofamerica.com
SOURCE: Bank of America