Silicon Valley Bank Offers Mobile Alerts to Business Credit Card Account Holders
Company news | October 19, 2010
Silicon Valley Bank, the premier commercial bank for companies in the technology, life science, venture capital and premium wine industries, announced it will now offer SVB Business MasterCard account holders the ability to manage their accounts from any location and at any time using their mobile devices.
By sending a text message to S-V-B-T-X-T (782898), SVB clients will receive their credit card account information on their cell phone via secure Short Message Service (SMS) text message technology.
With SVB mobile messaging, clients can now view real time account information, such as account balances, available credit and recent transactions, for their SVB Business MasterCard accounts.
This is the first of several new mobile services available from Silicon Valley Bank, with additional services such as fraud alerts via SMS text message rolling out in the coming months.
"Text messaging has become an integral part of many of our clients' lives and one of the easiest ways to stay connected to business associates, family and friends," said Greg Becker, president of Silicon Valley Bank. "With SVB mobile messaging alerts, clients can use this familiar and simple tool to help manage their SVB Business MasterCard and stay on top of their business' expenses."
"We're excited to offer SVB mobile messaging to SVB Business MasterCard card holders as the first mobile service from SVB," said Pradeep Moudgal, Head of Global Cards & Merchant Services. "We know from CTIA–The Wireless Association® that more than 1.56 trillion text messages were sent in 2009 alone. Our clients are eager to use text messaging and mobile platforms to manage their business accounts and we're committed to providing them with the services to do so."
How It Works
Clients enroll by signing in to their Business MasterCard accounts management site and registering their phone. Any SVB Business MasterCard customer with a mobile phone can use the free service, which is available through all cell phone carriers and does not require any software download. Standard text messaging rates from the cellular phone carriers do apply. View more information about the service.
About Silicon Valley Bank
Silicon Valley Bank is the premier commercial bank for companies in the technology, life science, venture capital, private equity and premium wine industries. SVB provides a comprehensive suite of financing solutions, treasury management, corporate investment and international banking services to its clients worldwide. Through its focus on specialized markets and extensive knowledge of the people and business issues driving them, Silicon Valley Bank provides a level of service and partnership that measurably impacts its clients' success. Founded in 1983 and headquartered in Santa Clara, Calif., the company serves clients around the world through 26 U.S. offices and international operations in China, India, Israel and the United Kingdom. Silicon Valley Bank is a member of global financial services firm SVB Financial Group (NASDAQ: SIVB), with SVB Analytics, SVB Capital, SVB Global and SVB Private Client Services. More information on the company can be found at www.svb.com.
Silicon Valley Bank is the California bank subsidiary and the commercial banking operation of SVB Financial Group. Banking services are provided by Silicon Valley Bank, a member of the FDIC and the Federal Reserve System. SVB Private Client Services is a division of Silicon Valley Bank. SVB Financial Group is also a member of the Federal Reserve System.