New MasterCard feature gives customers greater control over spending
A new Barclaycard MasterCard feature allows users to control the amounts they spend, and receive real-time information about their accounts.
New MasterCard feature gives customers greater control over spending”
A new Barclaycard MasterCard feature allows users to control the amounts they spend, and receive real-time information about their accounts.
The inControl feature enables cardholders to set personalised controls online, and receive text alerts or emails as soon as they have reached their budget limit.
Controls can be set to trigger alerts or block transactions made online or abroad with the credit card. It also allows cardholders to integrate new and existing credit and debit cards with prepaid, PayPass and mobile payment products.
Barclaycard UK Foundation & Partnerships managing director Chris Wood said the MasterCard inControl option will give customers peace of mind.
"Personal security and the ability to keep a tab on your spending is top of mind for our customers," he said.
The inControl service allows credit card holders to set budgets for particular types of spending and specify where, when and how payment cards linked to their accounts may be used.
Customers can also get single or limited-use virtual card numbers to give them protection and control when shopping online.
Transactions that are not approved by the customer's control settings can be immediately declined by banks or can be approved via a text message to ask the credit cardholder to personally approve the payment.
Written by Sarah Wilkins ©
