PASADENA, Calif., Dec. 13, 2018 /PRNewswire/ -- OneWest Bank, CIT's Southern California retail bank division, today launched a new Card Controls feature for its mobile app, giving customers new capabilities to manage debit card usage and combat potential fraud from their smartphones.
"Both convenience and security are increasingly important banking features within the marketplace and we're pleased to deliver this digital solution for our customers," said Heather Ellison, head of Retail Banking for OneWest Bank. "Card Controls provide consumers another opportunity to take control of their finances in a simple and straightforward fashion."
Card Controls allows consumers to set spending limits, create transaction alerts, specify merchant categories such as food, gas or entertainment, and define regions where the card can be used. Consumers can also disable certain locations or merchant categories from spending. Additionally, the on-and-off switch provides a fast method to secure an account if the associated debit card is ever lost or stolen.
"With holiday shopping at its peak, Card Controls can help consumers keep their spending in check," continued Ellison. "What's more, having a quick solution if a card goes missing can alleviate concerns about the possibility of an account being compromised."
Card Controls is available on both iOS and Android. To download the OneWest Bank app, visit the App Store on iPhone or Google Play. More information about OneWest Bank and card controls can be found here.
OneWest Bank, a division of CIT Bank, N.A., offers Southern California consumers and small businesses savings and lending solutions both in-person and online.
CIT is a leading national bank focused on empowering businesses and personal savers with the financial agility to navigate their goals. CIT Group Inc. (NYSE: CIT) is a financial holding company with over a century of experience, approximately $50 billion in assets as of Sept. 30, 2018, and operates a principal bank subsidiary, CIT Bank, N.A. (Member FDIC, Equal Housing Lender). The company's commercial banking segment includes commercial financing, real estate financing, equipment financing, factoring and railcar financing. CIT's consumer banking segment includes its national online bank, CIT Bank, and a Southern California branch bank, OneWest Bank. Discover more at cit.com/about.
SOURCE CIT Group Inc.