Lloyds' customers can now keep track of spending with Google Maps

Lloyds' customers can now keep track of spending with Google Maps

Lloyds Banking Group has added Google Maps functionality to its mobile app to help customers pinpoint the exact location and details of debit card transactions with a single tap or click.

The integration with Google Maps is one of a suite of new updates to the bank's online and mobile services which now offers smart budgeting tools and card feeezes and nudges to help customers to choose how and where to spend.

The Payday insight feature has been added to show customers a timeline of scheduled payments for regular bills, giving users a clear view of how much free float they have left to spend each month. This is combined with regular nudges to help users stay up to date with their account activity.

New card controls have also been added, enabling customers to switch off or restrict payment card usage, curtailing transactions for online in-app, telephone, mail order purchases, and abroad to stop transactions including at ATMs, shops, restaurants outside the UK.

Stephen Noakes, retail transformation director, Lloyds Banking Group, said: “With more than 14 million people actively managing their accounts online with us, and nine million using our top rated mobile apps, we’re taking our industry-leading apps to the next level to offer customers a fuller view of their finances.”

Comments: (2)

A Finextra member
A Finextra member 27 November, 2018, 02:12Be the first to give this comment the thumbs up 0 likes The linking of Google as a location recorder alongside Lloyd's Debit card accounts, is a highly significant development. Google maps joined to your spending can assist with the tracking of fraudulent transactions and their timely settlement. It could also be a quicker way of assisting the police or intelligence services with a way of tracking transactions or the whereabouts of any person of interest to them, or an alternative or a supplement to whatever technology they currently use. The use of transaction tracking can assist anyone who uses a Debit card or a Credit card alongside bank-based or some other budget software program. The idea I have in mind is for all non-bank budgeting software. Wherever you are using your smartphone or plastic card to make a transaction, all transactions that you make should automatically be recorded in budget software and your location should also be included in automatically recording the transaction. Instant or near instant recording of all of your transactions to any non-bank budget software including your location, will either eliminate or keep to an absolute minimum the need to manually record any transaction in your budget software. This added functionality will assist anyone to follow their personal or business budgets with greater ease. If you develop budget software these ideas may be relevant to developing your product to be more competitive against your business rivals, assuming that you have not thought about this already.
A Finextra member
A Finextra member 27 November, 2018, 02:161 like 1 like It would be great if you allowed all of your commentators the ability to form paragraphs in their replies. My previous response above this one would be much easier on anyone’s eyes if they could read it as I intended with clear sections.
Find out more

Trending Stories

Featured Job
All Jobs »
London, UK

Senior Sales, Collateral Management Solutions (London, covering EMEA)

Competitive base + bonus + benefit package

22 Jul