Transaction Guard icon on the PalmPay app
As fraud tactics become more sophisticated, protecting your money requires more than keeping your password private.
Fraudsters may use phishing links, fake customer-service calls, stolen phones, or compromised login details to gain access to financial accounts. PalmPay’s Transaction Guard gives you greater control by allowing you to set per-transaction, weekly, or monthly transfer limits and require facial verification for transactions above those limits.
Here are three situations where it can save the day:
- Being Tricked Into Sharing Sensitive Information
Scammers often pose as customer service agents or trusted contacts to trick people into revealing their One-Time Password (OTP). If this happens, Large Transaction Shield helps limit how much can be transferred, helping to reduce potential losses.
- Your Phone Gets Lost or Stolen
A stolen phone can become a gateway to your financial apps. With Transaction Guard enabled, fraudsters can’t make high-value transfers beyond the limits you’ve already set, giving you valuable protection while you secure your account.
- Someone Gains Access to Your Account
Whether through a leaked password or another form of account compromise, unauthorized access doesn’t have to mean losing all your money. Transaction Guard helps contain the damage by enforcing the transfer limits you’ve chosen.
Think of Transaction Guard as a safety net for your wallet. It gives you greater control over your transfers and adds an extra layer of protection against fraud.
Turn on Transaction Guard in your PalmPay app today and bank safely every day.