Californian startup Ondot systems has emerged from stealth mode, unveiling an app that lets people use their mobile phones to control over how their payments cards are used.
Interesting, but not totally unique. I can manage most of those functions in the UK via the GoHenry app for my 12 year olds pre-paid card account which I use to give him his pocket money!
In 2009, PSCU (company that offers services to credit unions in the U.S.) spoke about offering Card Control. But CardSwitch Technology Ltd. was already offering this system. You can google PSCU and CardSwitch and it will show you all the articles dating
back 2009 about Card On Card Off.
© Finextra Research 2014