Lloyd’s mobile banking customers will be able to detect the exact location of their debit card transactions and it is the first bank to introduce this feature.
10 million mobile banking app users with the country’s biggest bank will be able to click on a transaction to detect the location on Google Maps, allowing them to identify fraudulent activity more easily.
Previously, clone cards used in supermarkets or other chains would not be immediately apparent in the bank statements.
Paul Davis of Lloyds Banking Group said: “Card-not-present is still the most common type of fraud, and customers being able to see exactly where they have made card payments with this new feature will help spot suspicious activity as well as cut down on the inconvenience of blocking card transactions.”
Its apps for Android smartphones have already been upgraded, and Apple devices will follow later.