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OFG's Oriental Introduces SecurLOCK™ to Control & Protect Credit & Debit Cards

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OFG Bancorp's (NYSE:OFG) Oriental Bank subsidiary has launched
SecurLOCK™, a free mobile phone app (for iOS and Android) that customers
can use to control and protect credit and debit cards. SecurLOCK
continues to strengthen Oriental's leadership in providing state of the
art banking technology for increased customer convenience.

"We are committed to using innovative consumer banking and financial
technology that is simple and easy to use," said Ganesh Kumar, Senior
Executive Vice President and Chief Operating Officer of OFG Bancorp.
"With SecurLOCK, we are the first bank in Puerto Rico to offer this
service, which enables customers to manage their card security from the
palm of their hand."

Customers can deactivate and activate their Oriental cards whenever they
want.

"If you misplace a card or receive a notification of a transaction you
don't recognize, you can immediately deactivate the card and avoid being
exposed to fraud," said Debbie Sabater, Oriental's Senior Vice President
of Retail Strategy.

The app also enables customers to control when, how and where their
cards can be used. Customers can:

  • Receive instant transaction alerts of any card that is registered
  • Specify business categories in which transactions can be made
  • Set transaction types (for example, online or in person)
  • Establish usage limits
  • Select geographic locations where each card can be used

In the past three years, Oriental has pioneered "first in Puerto Rico"
banking services such as Video Interactive ATMs, FOTODepósito, People
Pay, Oriental Biz and Cardless Cash, with the aim of streamlining
transactions and increasing convenience for individual and commercial
customers.

About OFG Bancorp

Now in its 53rd year in business, OFG Bancorp is a
diversified financial holding company that operates under U.S. and
Puerto Rico banking laws and regulations. Its three principal
subsidiaries, Oriental Bank, Oriental Financial Services and Oriental
Insurance, provide a wide range of retail and commercial banking,
lending and wealth management products, services and technology,
primarily in Puerto Rico, through 48 financial centers. Investor
information can be found at www.ofgbancorp.com.

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