Investors Community Bank's Podcast

Money Matters with Matt - November 20, 2020

November 20, 2020 ICB
Investors Community Bank's Podcast
Money Matters with Matt - November 20, 2020
Chapters
Investors Community Bank's Podcast
Money Matters with Matt - November 20, 2020
Nov 20, 2020
ICB

Learn how to keep your debit and credit cards secure, and discover some tools ICB has available to help with that. 

Learn more: https://www.investorscommunitybank.com/assets/files/yWYU1ZMm


Show Notes Transcript

Learn how to keep your debit and credit cards secure, and discover some tools ICB has available to help with that. 

Learn more: https://www.investorscommunitybank.com/assets/files/yWYU1ZMm


Speaker 1:
And now, Investors Community Bank welcomes you to Money Matters with Matt, on 1240 radio, WOMT.

Jim:
Matt Lemke, joining us remotely. Hello, Matt.

Matt:
Hello again, Jim.

Jim:
We get to talk security again. And that's a good thing, because there are people always trying to separate us from our hard earned money. And keeping our money safe has been one of the great missions of Investors Community Bank, and with that is the debit and the credit card. You guys have some amazing technology here to help keep that safe.

Matt:
Yeah. If you think about the evolution of the debit and credit card, it's gone from a item that people sort of used, to become a mainstay. In a lot of cases, people use them more than cash. And any time you've got a fundamental shift in how people are choosing to make payments, you also have a fundamental shift in the number of people trying to separate you, your words, from your money.

Matt:
And so some of the obvious things that we want to talk about, that we've talked about on this show before, are making sure that you keep those cards, and that information on the card, and anything tied to the card incredibly safe.

Matt:
And to start off, I'll just reiterate something that I've said before. Make sure that any of the passwords and PINs that you're setting up for these devices and cards, whether it's online or the cards themselves, are good, and they're secure.

Matt:
Meaning a password to get into these sites should be long, and in combined letters and numbers. Because that's what protects you from hackers, right? And as you're out and about, and you have to enter your PIN, don't just do it for everybody to see, try to make this a little bit more secure than you might have in the past.

Jim:
You got to be a little sneaky. But that's a good thing, you're protecting your own money. And passwords, oh boy, passwords, there's 18 different passwords. And that's just on one day that you're going around. A good, strong password though, is really the foundation to protect what you have.

Matt: 
That's right. And as you set this up, and you're going into your online account, and you want to be able to manage your cards, one of the great advances in technology has been the introduction of real-time
notifications. 

Matt:
So as you're logged into your website, whether it's your debit card or credit card, there's an option under the security tab for you to turn on real-time notifications and alerts. And you can customize this, Jim, to whatever you want to know. So whether it's a dollar amount or a vendor that the card has been used at, you can get those notifications to you immediately. So if it wasn't you that was trying to make the purchase, you know, and can take appropriate action.

Jim:
One of the newest things around is the contactless payment. And I know Investors Community Bank is rolling this out.

Matt:
Yeah, absolutely. You know, keeping your debit and credit cards secure and safe in this environment means both the actual information, as well as yourself with the ongoing challenges of COVID-19. And contactless cards allows you to do that.

Matt:
And if you're not familiar with that, the contactless card, you'll know it's capable, it'll have a little WiFi symbol on the card. But essentially instead of at a merchant where you have to either insert the card, or enter your PIN, or swipe the card, you walk up to the machine and you just kind of tap the card, or scan it across, and the payment goes through.

Matt:
So Investors Community Bank is rolling those out slowly as some of our cards expire. And this is certainly a technology that we're invested in, and have, to make our customers' lives easier and more secure.

Jim:
And then there's a really neat thing called digital wallet. That's really high tech.

Matt:
Yeah. You know, this is one of my favorites. I don't go anywhere without my phone, but have certainly been known to leave my wallet behind. And digital wallet, through Investors Community Bank, allows you to store debit cards and credit cards, and put them in there. So as you are at a merchant, instead of having to pull out a wallet, simply turn on your phone, go into that digital wallet app, and choose the card that you want to use to pay. And they'll scan your phone and away you go.

Jim:
And you always use that fingerprint identification, so nobody can take your phone and pay for
something.

Matt: 
That's right.

Jim:
We learned that a long time ago.

Matt:
We did. Fingerprints, face ID, you name it. And there are many ways other than passwords these days, to be able to secure your devices.

Jim:
Yep. Keeping your money safe. Just imagine if somebody got into your bank account and swiped everything, that would be a very bad day.

Jim:
Matt, we're always keeping you secure. Investors Community Bank. Thank you for joining us. Let's talk again soon.

Matt:
All right. Thank you, Jim.

Speaker 1:
You've been listening to Money Matters with Matt, presented by Investors Community Bank. Let your money work for you. To learn more, visit investorscommunitybank.com.

Speaker 1:
And don't forget to tune into Money Matters with Matt every Friday morning here on 1240 Radio, WOMT.

Speaker 1:
Investors Community Bank. We promise to walk in your shoes.

Speaker 4:
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