5.1 Card Usage and Controls

Thredd industry-leading card configuration options help to ensure that the characteristics of your cards can be tailored to the needs of your service. Configuration includes features to enhance the security of your cards and reduce the risk of fraud. Configuration can be applied at a product level, across all your card products or to a specific card.

Card configuration and control profiles, known in Thredd as Card usage groups are set up during the implementation phase of your project. Thredd provides access to API to enable you to dynamically change the configuration settings of your cards whenever needed. You can maximise customer self-service through the API.

Figure 16: Control how your cards can be used

See below for examples:

• Control the merchant stores and the type of merchants where the card can be used. For example: limit use to a specific shopping mall or set of merchants, or prevent card usage for certain types of merchants (e.g., gambling sites)

• Control the types of transactions enabled on a card. For example: Chip & PIN, Contactless, ATM and e-commerce

• Restrict the frequency and/or amount at which the card can be loaded or unloaded. For example: $12000 load limit

• Restrict the daily spending limit. For example: 600 EUR spending limit

• Control the dates and times when cards can be used. For example: prevent usage on certain days and religious holidays

• Control the rates for Foreign Exchange (FX) currency conversions if the purchase currency is different from the card's currency

• Define configuration options specific to the provisioning of a digital payment token (MDES/VDEP).