New Delhi, Jun 3 (UNI) Aiming to prevent the plastic money’s fraud transactions, Maximus today launched a security app 'Maximus Raksha', which will enable customers to have tight, personal control over their Debit and Credit cards.

The app would help customers to take care of usage of multiple cards belonging to a particular bank.

It will provide the ability to block or unblock a card and set transaction limits for different channels, including ATM, POS and online, the company said in a statement.

Commenting on the launch, Venkat Shankar, Managing Director and CEO, MAXIMUS said, “Recent enhancements have put payment cards in nearly everyone's wallet. Despite the convenience and popularity of cards, there is a risk of fraud. It is important to protect and have control over the payment cards, just as anyone would have over his cash.”

Mr Shankar also said that the app lets users block and unblock cards and allows them to set the limits depending on the requirement.

The card status can be modified with a click on the mobile phone.

The total transaction limit can further be broken up into individual limits for the different channels.

However, if the user does not set specific limits, the default limit set by the bank would apply.

UNI ASH JW1557