Bank of America is bringing picture-perfect security to customers in Florida with its introduction of the Photo Security Check Card and Photo Security Credit Card. Bank of America, the largest Check Card issuer, is the first bank in this state to offer the check card product.
Each Photo Security Card features a customer’s photograph and signature. Both the Check Card and Credit Card offer a new level of protection against card fraud and theft. Merchants who accept the card for payment can easily verify a customer’s identification by just looking at the card. Customers are additionally protected by the Bank of America coverage of any liability incurred for properly reported unauthorized transactions and 24-hour monitoring of suspicious account activity.
The Photo Security(R) Cards are available free of charge to new and existing Bank of America checking account customers and credit card customers. Customers can sign up to receive the cards at Florida banking centers, where customers’ photographs are taken onsite.
“Bank of America is committed to protecting our customer’s financial relationship. With the introduction of Photo Security cards, we will reduce fraudulent use of our customer’s Check Cards and set the standard for consumer protection among financial institutions,” said Katherine Lacoste, senior vice president for Consumer Card Sales at the Charlotte-based bank.
The Photo Security Check Card can be used for ATM transactions as well as for purchases anywhere the Visa(R) symbol is displayed. The Check Card offers the convenience and ease of a credit card, but purchases are deducted directly from the customer’s checking account with no monthly fee or interest charges.
Bank of America was the first bank to offer complete liability protection for its Check Cards and ATM cards. Before its leading industry move in 1997 to waive liability, customers could be held responsible for unauthorized transactions.
Bank of America is the largest check card issuer with more than 22 million cards issued. Additionally, Bank of America has more than 13,000 ATMs nationwide. Bank of America is also the third largest bank credit card issuer, as measured by purchase volume.
Bank of America (NYSE: BAC), with $680 billion in assets, is the largest bank in the United States. It has full-service operations in 21 states and the District of Columbia and provides financial products and services to 30 million households and two million businesses, as well as international corporate financial services for business transactions in 190 countries. The company’s stock (ticker: BAC) is listed on the New York, Pacific and London stock exchanges, and certain shares are listed on the Tokyo Stock Exchange.Details