27 July 2016
Find out more

Barclaycard taps MasterCard inControl technology

21 January 2010  |  14370 views  |  0 Savings house in hands

Barclaycard is tapping MasterCard's inControl technology - which gives customers the ability to set spending controls and receive real-time alerts about their accounts - for its Orange co-branded contactless credit card.

BarclayCard and Orange launched their joint effort last month as part of a strategic alliance between the bank and telco aimed at pushing through the development and adoption of contactless mobile payments services.

The MasterCard inControl functionality lets cardholders go online and set personalised controls and spend budgets, with SMS alerts or e-mails instantly sent when these are exceeded. Controls can also be set to trigger an alert or block on transactions made online or abroad.

MasterCard says the BarclayCard deal is the first deployment of inControl functionality for consumer cards. Initially covering the Orange card, in the future it will be offered for other Barclaycard cards.

The inControl technology was developed by MasterCard in association with Dublin-based payments technology vendor Orbiscom, which the card giant then acquired for around $100 million last year. It was originally targeted at commercial cards, with Royal Bank of Scotland among the banks signing up to it.

Chris Wood, MD, UK foundation and partnerships, Barclaycard, says: "With inControl, we are able to utilise MasterCard's advanced network technology and capabilities to fulfil the demand from cardholders for ever more convenient ways to pay and manage their spending."

Josh Peirez, head, innovative platforms, MasterCard, adds: "The launch of this service from Barclaycard is clear demonstration of the growing trend by financial institutions to offer smart cardholder services that put financial control back into cardholders' hands and we are excited to be working with them to both implement the first consumer application of our inControl service and harness its value for their customers."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Orange and Barclaycard launch contactless credit card

Orange and Barclaycard launch contactless credit card

07 January 2010  |  19389 views  |  0 comments
BMO and MasterCard team on contactless BlackBerry payments

BMO and MasterCard team on contactless BlackBerry payments

26 November 2009  |  13744 views  |  0 comments
Barclaycard launches waterslide iPhone game

Barclaycard launches waterslide iPhone game

03 July 2009  |  9438 views  |  0 comments
Barclaycard and Orange team on contactless m-payments

Barclaycard and Orange team on contactless m-payments

09 March 2009  |  15535 views  |  0 comments
MasterCard acquires Orbiscom

MasterCard acquires Orbiscom

05 January 2009  |  9717 views  |  0 comments
Barclaycard reaches one million contactless card target

Barclaycard reaches one million contactless card target

27 November 2008  |  14301 views  |  1 comments
RBS first to deploy MasterCard inControl platform

RBS first to deploy MasterCard inControl platform

15 April 2008  |  9456 views  |  0 comments

Related company news

 
Visit VocaLink.comVisit www.abe-eba.euVisit capgemini.com

Top topics

Most viewed Most shared
satelliteContactless Bitcoin startup Plutus Tap &am...
9465 views comments | 9 tweets | 4 linkedin
MasterCard agrees £700m VocaLink acquisitionMasterCard agrees £700m VocaLink acqu...
9371 views 14 comments | 32 tweets | 38 linkedin
Apps crush internet for UK banking loginsApps crush internet for UK banking logins
8156 views comments | 19 tweets | 25 linkedin
Telefonica Germany launches Fidor-backed mobile banking serviceTelefonica Germany launches Fidor-backed m...
6176 views comments | 15 tweets | 19 linkedin
hands typing furiouslyHow machine learning can cut costs on tran...
6024 views 0 | 9 tweets | 3 linkedin

Featured job

Find your next job