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Media Coverage

Consumer control of cards via mobile phones delivers blow to hackers
November 07, 2016

As the United States embraces the use of chip-based, or EMV, cards to dramatically decrease credit card fraud, bad actors are pivoting to revamp their tactics. But according to startup Ondot Systems, the answer to credit card fraud could be simple: turn over card control and authorization to the consumer.

First National Bank app comes with debit card controls
September 26, 2016

First National Bank of Pennsylvania, the largest subsidiary of F.N.B. Corporation (FNB), has introduced CardGuard, the latest upgrade to the FNB Direct mobile banking app.

When Data Drags Consumers Down
July 07, 2016

Too much data but not enough power over their finances – how can that be? Mick Oppy, VP of Financial Institution Products at Vantiv, sat down with Karen Webster to discuss why giving consumers only the financial control they crave may change the way they look at mobile banking.

New fraud headaches emerge with shift to EMV chip cards
June 01, 2016

To replace that $4 billion card counterfeiting market they’ve become accustomed to, fraudsters are pivoting to other fraud channels...

EMV The Coming October Purchase Alert Mandate
April 25, 2016

Rachna Ahlawat, EVP at Ondot Systems, told Karen Webster in a live discussion about the variety of ways in which issuers can comply with the new mandate that's not only about reducing fraud, but also increasing consumer confidence that the networks believe will translate into greater usage of the cards.

Moak: Millennials are card smart
April 06, 2016

Most of us have never known a world in which you had other options than cash or checks for paying for everyday items.

15 Silicon Valley FinTech Companies Every Bank Should Meet
April 04, 2016

Although the global finance capitals of the world have traditionally been in places like London, New York, and Hong Kong, core elements of financial services' future are being disrupted and re-invented in Silicon Valley...

Poll: Cash or card for $5 purchase?
March 22, 2016

A cup of coffee. A pack of chewing gum. A newspaper at the airport. For even the smallest, most casual purchase, credit cards and debit cards are replacing cash as the preferred form of payment, according to a new survey by CreditCards.com.

10 ways to protect your cards when traveling
March 04, 2016

Whether traveling for business or pleasure, keeping an eye on cards and personal data is something cardholders need to be vigilant about from airports and hotels to local restaurants.

For issuers, the time for mobile payments is now
February 29, 2016

The overwhelming majority of U.S. issuers have watched from the sidelines as mobile wallets from myriad providers have emerged around them.

6 ways to protect yourself from credit card skimmers
February 26, 2016

It's called skimming because thieves "skim" your credit or debit card information using a device that affixes to a card reader on something like an ATM machine or gas station pump. It blends in with the existing equipment well enough that unsuspecting consumers never notice it. And it's become a big problem.

A new app turns credit cards on and off
February 04, 2016

America First Credit Union, which has about 743,700 members, offers a mobile app service called Card Guard that allows its customers to turn on and off their credit cards based on parameters they set.

Survey: 5 in 6 Americans admit to impulse buys
January 24, 2016

Spontaneous spenders, you have plenty of company.

Skimmers Troll Credit Unions
January 06, 2016

Credit union officials believed hackers put the device on a machine in early December of which thieves created duplicate cards to withdraw cash at ATMs throughout New York City. Ondot, referencing Card Control, urged "Empowering cardholders to have control to immediately turn off their payment cards after withdrawing cash is an effective way to minimize loss due to skimming attacks."

Ondot emerged from the confluence of mobile and finance
December 29, 2015

Bankless Times profiles companies started as a result of a pain point and how founders' training and particular business background contributes to unique solutions.

Payment Technology in the Cards: Onsite Coverage
May 13, 2015

Nearly everyone in the financial technology space expects changing payment technology to play a vital role in financial institutions going forward. What that role is remains somewhat undefined, but new technology on display at FinovateSpring 2015 offered some new facets to ponder.

Best of What's New 2014
November 10, 2014

Every December for the past 27 years, the editors of Popular Science have sought out the products and technologies poised to change our world.

New App Allows Users To Lock Credit Cards, Customize Security
September 08, 2014

For many people, no matter how careful they may be, a card could periodically go missing. Often times, when this occurs, the card is not deactivated quickly enough to prevent potential thieves from using it.

San Jose Startup Rolls Out Tool For Controlling Credit Cards, Preventing Fraud
September 04, 2014

Soon, you'll be able to use your phones to temporarily deactivate a credit or debit card. Anyone who tries to run the card won't get very far.

Location Data Could Become Key to Fighting Bank Fraud
August 27, 2014

Tech firms are convinced consumers want to have a stronger role in the way they monitor their cards. OnDot Systems, which sells card control software to banks, said consumers want to set user preferences – including monitoring mobile phones – to prevent problems on their cards much like any safety precaution.

A remote control for your credit card
August 19, 2014

If your smart phone is loaded with apps that sounded nifty when you loaded them but that you seldom actually use, here's a new one that might make you a repeat customer. It's an app that lets you turn your credit card on and off, like you would with a remote control.

New app lets you turn credit cards on and off
August 13, 2014

Following over $11 billion of fraud in just 2012, a new app allows you to fight back against credit card thieves. Tim Stevens, editor-at-large for CNET.com, joins the "CBS This Morning" co-hosts to talk about the app.

Your credit card may soon have an on-off switch
August 12, 2014

Emerging technology gives consumers the ability to turn their credit and debit cards on and off through a smartphone app, a capability that can not only help families and businesses control how authorized users shop with the card but also, and perhaps more importantly, help prevent card fraud.

New App Locks Debit Cards for Added Security
August 07, 2014

Consumers will soon be able to lock their debit cards thanks to a new technology that provides more security to card users ... a welcome step following increasing reports of security breaches and card fraud.

App Allows Users To Lock Debit Cards
August 06, 2014

You probably lock your front door when you leave home, your car when you aren't driving it and your smartphone when you're not using it. Pretty soon you may be able to lock your credit cards too.
 
CBS 2's Dorothy Tucker shows you this new technology trend aimed at keeping you safer.

Consumers soon will be able to turn their credit and debit cards off and on to prevent fraud
July 24, 2014

In what might be a huge breakthrough to curb credit and debit card fraud, new technology is set to take off that will offer customers the ability to turn their cards off and on at a moment's notice using their smart phone.

See new ways to shop for latest styles
July 07, 2014

A lot of people get nervous with their credit cards. If you lose your wallet or whatever - with CardControl you can choose to turn on and off certain cards through the app.

Credit Card Technology Lets You Turn Off to Prevent Fraud
June 09, 2014

Don't you wish you were able to turn off your credit cards when you don't need them so no one else could use them? Then back on when you were ready to make a purchase? With OnDot CardControl, that may not be such a far-fetched idea.

How a mobile credit card remote control can reduce fraud and increase spending with Ondot's Rachna Ahlawat
May 28, 2014

In today's episode, we check out Ondot Systems' consumer remote control for credit cards. A simple premise with some highly technical processes in the background, Ondot's remote control -- which is your mobile, by the way -- allows consumers to control access, location, and spending on their credit cards.

Card Control Security App Goes Beyond Transaction Monitoring
May 22, 2014

Lone Star National Bank has been testing the app for a year, and Chief Information Officer Kevin Pilgrim says it's cut the $2.1 billion bank's fraud costs by 60 percent. The boost to customer confidence, he says, has increased card use by 54 percent.

Cardholder account controls gaining traction
May 21, 2014

"At the end of the day, consumers and financial institutions win with this kind of service. Consumers are now in control of their own accounts. There is increased loyalty. The financial institution metrics seem to be able to support this kind of product," Mazursky said. "All in all this is a best new practice. We believe it will become widely accepted in the marketplace."

Mobile payments revolution is still to take off
May 18, 2014

Start-up OnDot is developing an app that links with cards – making it harder for a thief to use a stolen card. The app lets cardholders put limits on where and when their card may be used – which would also enable companies to prevent corporate cards being used in Las Vegas, for example.

This Week In Credit Card News: Turn "Off" Your Credit Card to Prevent Fraud
May 12, 2014

With OnDot CardControl, you may be able to turn off your credit cards when you don't need them so that no one else could [use it].

Fraud Concerns Boost Use of Debit On/Off Tools
May 05, 2014

The card control features appeal to consumers for many reasons. Some prefer to keep their cards turned off until they are about to buy something. Pilgrim, a father, identifies a use case for parents setting spend limits for teenagers to let them fix their busted tires, but not blow the funds on a pizza party via an app.

Turn "Off" Your Credit Cards to Prevent Fraud
May 05, 2014

No matter which cards you may carry, you should be able to control the cards through your phone. You can also set up email alerts to notify you when a transaction takes place. If it is a purchase you did not make, you can contact your credit card company immediately.

Fight fraud with remote control for credit cards
May 02, 2014

"I think this is a brilliant way for people to help protect themselves against card fraud," said Gerri Detweiler, director of consumer education at Credit.com. "Even though the customer isn't typically responsible for fraudulent charges, it's a huge hassle when you're dealing with fraud."

According to Avivah Litan, a fraud analyst at Gartner Research, "This definitely gives the consumer the power they deserve to control their account."

Credit-Card Fraud has Met Its Match: Ondot Systems New CardControl Solution
May 02, 2014

Ondot represents a huge leap forward in addressing today's credit-card challenges, and I predict many credit-card processors and other financial institutions will adopt this solution – it really is a no-brainer. I'd go out of my way to get a card from an institution offering this service.

5 Things You Missed at Finovate
May 02, 2014

With Ondot, a consumer can change a card's settings to fit changing needs. Going to Europe tomorrow? Turn on foreign charges, and then turn them off a week later upon your return.

Remote Control Credit Cards?
April 25, 2014

When we met the OnDot team, we laughed at how the power of this innovation could start many a family squabble over who turned off whose cards and when. More seriously, OnDot enables a number of capabilities that not only help on the spend management side on both a consumer and corporate front, but give consumers and issuers a new tool in fighting fraud. Cards that are "off" can't be compromised and fraud can be minimized significantly in the event that cards are lost or stolen.

This Startup Is Going To Revolutionize The Credit Card You Already Have In Your Wallet
April 25, 2014

Essentially, if a bank isn't already working with OnDot, all they would need to do is flip a switch and turn on the technology and customers can use CardControl either as a standalone app, or as an addition to a bank's existing mobile platform.

Ondot unveils remote control app for payment cards
April 25, 2014

Users set preferences by location, merchant categories, transaction types and spend limits, with payments rejected if they fall outside of the parameters. Customers can also set up push notifications for transactions, weekly and monthly spending, and balance and fraud alerts.

CardControl App Helps You Prevent Identity Theft
April 25, 2014

Consumers can more quickly and efficiently recognize fraud than their credit card company because consumers are more aware of which charges were made by them and which weren't, whereas a credit card issuer must rely on probabilities based on past spending behaviors. If the card was misplaced, lost or stolen, the cardholder could use CardControl to place a stop on that card within minutes of realizing his card was missing.

Card Control app helps users protect their credit cards from hacking
April 25, 2014

Bad news for credit card hackers. Here comes a 'remote control' app that can help users turn their credit cards on and off with the click of a button, and also control when, where, and how they are used.

Ondot lets fraud-wary consumers turn their card on or off from their phone
April 25, 2014

Public awareness of the risks of identity theft has grown steadily on the backs of increasingly alarmist news reports going mainstream last year after more than 100 million Target customers had their credit cards compromised during the Christmas shopping season. Credit and debit card fraud is big money.

This Startup Is Going To Revolutionize The Credit Card You Already Have In Your Wallet
April 24, 2014

A parent could give a card to a son or daughter, set a spending limit of $20, and restrict them to purchasing items only found at grocery stores.
 
Pretty incredible, right? Here's the best part: It can work with the cards you already have in your wallet.

Ondot Card Control brings Find My iPhone features to your wallet
April 24, 2014

The trick: build antifraud features into an app on your smartphone that can link with your card. That turns any mobile banking service into its very own Find My iPhone app that will let users turn off and restrict a card by both location and transaction type, as well as have it notify users of any transactions immediately through push notifications.

Ondot Launches Remote Control for Credit Cards
April 24, 2014

Users can also set specific locations for where transactions can be made. Consumers can set a specific geographic area where purchases can be made or select "around me," which ties transactions to the location of their smartphone. If this setting is enabled, a credit or debit card will only work when a user's phone is nearby.

Stealthy startup turns your phone into a remote control for your credit cards
April 24, 2014

Imagine being able to limit your child's debit card to a certain spending amount – or for use only at certain merchants. Or imagine forgetting your wallet in a taxi but knowing your cards can't be used once they’ve left your proximity.

This is all possible now.

This App is Like a Remote Control for Your Credit Card
April 24, 2014

When parents hand over a credit card to their kids, they can only hope it's used as intended--say, paying for gas as opposed to booze. But OnDot, a startup emerging out of stealth mode Thursday, aims to give cardholders greater control over their payments, allowing them to activate and deactivate cards as well as set rules for location, transaction types, merchant categories, and spending limits with an app called CardControl.

Remote Control for Your Credit Card Protects You From Theft
April 24, 2014

The startup is part of what's called the on-demand economy. In a time when services like Uber let people summon a car and driver with the tap of a finger, no one wants to sit on the phone with their bank or credit card company disputing a charge. Consumers are now trained to expect convenience. And CardControl is as convenient as it gets.

Ondot Raises $18M To Let You Take Complete Control Of Your Credit Card Via Your Mobile Phone
April 24, 2014

"With CardControl, we were able to decrease our fraud losses from $450,000 in 2012 to $180,000 in 2013, a reduction of over 60 percent. This has been a big breakthrough, and justifies the solution on its own," says David Penoli, LSNB's COO.

This Startup Is Going To Revolutionize The Credit Card You Already Have In Your Wallet
April 24, 2014

A parent could give a card to a son or daughter, set a spending limit of $20, and restrict them to purchasing items only found at grocery stores.

Pretty incredible, right? Here's the best part: It can work with the cards you already have in your wallet.

App of the Week: Ondot's Card Control Platform Could Change How We Bank
April 24, 2014

You can turn your multiple cards into one master card. Or, with Ondot's new Card Control platform, you can better manage what you have now with a compelling new system that gives you complete control over your credit and debit cards. Want to remotely lock your card without calling the bank? Just flip a switch. Don't want someone using your card to make online purchases? You can also change a setting to keep that from happening. With Card Control, users have complete control of when, where and how cards are used.

Startup offers remote controls for debit and credit cards
April 24, 2014

OnDot has tested the system for the past 11 months with 35,000 cardholders of Lone Star National Bank, which reported a 60 percent reduction in fraud and a 54 percent increase in card usage.

Startup offers remote controls for debit and credit cards
April 24, 2014

A San Jose company emerging from stealth mode Thursday hopes to give consumers an easy way to prevent fraud with a smart phone technology that controls where, when and why credit and debit cards can be used for payments.

Ondot Systems receives $18 mln investment
April 24, 2014

The stealthy company has already collaborated with four major card processors who take charge in handing credit, debit and prepaid card transactions for more than 10,000 banks and credit companies in the United States. This would allow users to experience future technology with the use of CardControl.

Ondot Skips VCs in Favor of $18 Million Angel Round
April 24, 2014

It's not unusual for a tech startup to raise $18 million. To do it all with angel financing is pretty much unheard of.