Dáil Éireann Debate, Wednesday - 15 January 2014
114. Deputy Aengus Ó Snodaigh asked the Minister for Finance his plans to force banks and credit card companies, as part of their strategy to reduce credit card fraud and theft, to text cardholders after each transaction, thus making them aware instantly that their card has been used or abused. [55484/13]
Amharc ar fhreagraI have no plans to require banks and credit card companies to text the card holder after each transaction.
According to the Irish Payment Service Organisation, there are approximately 300 million card transactions each year. Such a proposal would impose significant additional costs on card suppliers. The Deputy may wish to put his proposals to the individual card companies.
