MOCA launches browser-based online payment assistant Mia
By Leandra Monteiro
MOCA, a digital-first next-generation card-based payment platform provider, announced the launch of Mia, its online payment assistant browser extension. Mia can be downloaded for Chrome, Firefox, and Safari, and Internet Explorer and works through the browser to make online purchases with MOCA Cards easier and more convenient.
Users can select an existing card to make an online payment directly from the browser or users can create one-time use card numbers through Mia and use those to make online payments for the ultimate in online security.
Mia makes it easy for banks to keep their cards top of wallet for customers when shopping online. According to Statista, 2.14 billion people are expected to shop online in 2021. A card program will only be successful when its cards are used regularly and providing Mia makes it simple for customers, encouraging them to reach for their MOCA Cards first when transacting online.
Mia can also be used to issue single-use card numbers for greater security, keeping any online sites from stealing important card information. According to The Nilson Report, credit card fraud is on the rise in the U.S., leading to billions of dollars in losses every year. Cardholders today must be able to protect themselves and single-use card numbers ensure that fraudsters are unable to make off with consumers’ money.
“Mia not only brings added convenience for cardholders and increased wallet share for banks and credit unions, but it brings an extra layer of security that consumers so desperately need,” said John Burns, CEO of MOCA. “We want to ensure that each cardholder has the tools they need to keep their money and their information safe, and Mia helps do that when they shop online.”
Mia by MOCA allows community banks and credit unions to stand up to the competition from megabanks and FinTechs and take back wallet share that they have slowly been losing over time. Users are not only able to issue virtual cards with MOCA, but now they are able to use Mia to make online purchases simpler and to have peace of mind that their card information is secure.
Gregg Bennett, SVP of $1.7B Horizon Bank, added, “Mia is just one example of how partnering with MOCA allows banks such as ours to provide cutting-edge financial products that before were only available from the megabanks. It gives us a competitive edge.”
IBSi Prime News
January 21, 2022
The Weekly Wrap: all you need to know by Friday COB | Jan 21stRead More
- Daily insightful news analysis
- Weekly snapshots of industry deals, events & insights
- Sectoral deep dives on the hottest FinTech trends
- Exclusive interviews featuring c-level executives who are shaping the industry
- Profiles of the most influential established and emerging companies in the sector
- Weekly global FinTech use cases
- Chart of the Week curated by IBSi’s Research Team
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage
Other Related News
January 21, 2022