Radius Bank Launches Innovative Card Control App to Give Customers Greater Financial Peace of Mind

Mobile app enables cardholders to monitor transactions in real-time and implement enhanced security features

BOSTON, MA--(Marketwired - January 23, 2018) - Today, Radius Bank took the next step in its ongoing dedication to the continual improvement of its customers' banking experience with the launch of Radius Card. The new mobile application ("app") was developed to allow users to set control preferences and combat fraud directly from their mobile device.

"We are committed to enhancing user experience across all channels," said Michael A. Butler, Radius Bank's President and Chief Executive Officer. "Radius Card furthers that commitment, serving as an easy-to-use tool that helps clients safeguard their finances. Combined with our leading-edge checking accounts and other technology offerings, we remain confident that we are providing the best experience in the industry."

Radius EVP of Virtual Banking Chris Tremont commented "We're designing products that simplify our customers' lives. We've all been there -- gone to pay for something and when you open your wallet your card isn't there. Now you can quickly turn the card off without any extra stress or phone calls to the bank. And if you find it back at home, you can turn the card on with a swipe in the app."

Available for all personal checking account holders to download for free from the App Store and Google Play, the Radius Card app provides a number of money management benefits, including:

  • On/off switch allows customers to quickly turn off their debit card should it become misplaced and back on again once it has been recovered
  • Location-based restrictions prevent transactions outside a specific area determined by the user
  • Real-time alerts whenever the card is used or when a transaction has been attempted and declined
  • Spending caps and activity limits to help users budget expenses better

Radius Card is the latest addition to the Bank's digital banking product suite. Just recently, Radius launched its enhanced online account opening platform which allows individuals to open a new checking account in under 5 minutes from any device. Clients are able to manage their account from anywhere in the world with the Radius Mobile app, featuring convenient benefits such as check deposit, bill pay, person-to-person (P2P) payments, and personal financial management budgeting tools (features also available via web browser at www.radiusbank.com). The Radius Bank debit card can also be used with Apple Pay, Samsung Pay, and Android Pay, and provides unlimited cash rebates from fees charged at non-Radius Bank ATMs.

About Radius Bank
With assets of approximately $1 billion, Radius Bank is a forward-thinking community bank offering a full complement of leading-edge personal and business products and services. The Bank serves consumers, small and middle market businesses, unions, government entities and non-profit organizations as its core clients. The Bank's award-winning virtual banking platform allows clients to bank from anywhere with a computer or mobile device. Convenient features like check deposit, bill pay, person-to-person (P2P) payments and card management are all available to personal clients, with advanced treasury management and loan payments solutions available for business clients. Radius also partners with innovative fintech companies including mobile payments leader LevelUp, online investment firm Aspiration, and online marketplace lender Prosper to provide additional valuable services to its client base. Radius Bank is a member of the Federal Deposit Insurance Corporation and is an Equal Housing/Equal Opportunity Lender. For further information, visit the Bank's website at www.radiusbank.com, or follow the Bank on Twitter, LinkedIn, Facebook, and Instagram.

Documents and/or Photos available for this release:

Radius Card App

To view supporting documents and/or photos, go to www.enr-corp.com/pressroom and enter Release ID: 417387

Contact Information:

Contact: Kathleen Barrett
AVP, Marketing
Radius Bank
Phone: (617) 728-7318
E-Mail: kbarrett@radiusbank.com