Just this week we had news of two more data breaches at Supervalu and Albertsons stores. You may feel you're powerless over having someone have access to your debit card number.
But one KELOLAND bank is putting the power back into their customers’ hands by adding a switch to their banking app that lets people turn their debit card on and off.
You use your debit card to pay for just about everything. Now, what if when you were done making that purchase, you could turn it off, like the flip of a light switch?
Angela: Just a flick of a switch?
Emily Stephens of First Bank & Trust: Right, a click of a button.
First Bank & Trust is leading the trend to add the on-off debit card switch to its banking app. A third of its customers have already embraced mobile banking.
"You can check your balances, you can do transfers from it, and the cool thing now is to be able to turn on and off your debit card," Mueller said.
Teddi Mueller can think of several, real-life scenarios where she could have taken advantage of the new feature on her bank's app-- like the time she left her card on a plane; or at the Mall of America.
"I set down my debit card and walked away. By the time I realized it was gone--your heart starts pounding out of your chest. When I have this app, I can easily just open it up; enter in my information really quick--it's instantaneous. And then I can go to that portion of the app and shut it off," Mueller said.
While the bank's had the feature on its app for about six weeks now, it hasn't publicized it yet to its customers. However, about 10 percent are figuring out there's a switch to turn their debit cards off.
"We might have that customer that may turn their debit card off while they're at work all day because they know they're not using their card," Stephens said.
Of course, just like everything else with technology, there's always a chance you could have poor reception or a dead phone when you need to turn your card on to make a purchase.
"Technology is everywhere and sometimes it does crash. But this at least gives you some security to think, ‘I have control of it now.