Ondot Systems Brings Payment Innovations to FinovateSpring

Demo of Ondot's Card Control App highlights customer engagement and viral acquisition via comprehensive tools for mobile payments management

May 07, 2018--SANTA CLARA, Calif-- Ondot Systems, Inc., the winner of the Best of Show at Finovate Middle East 2018 – is showcasing its latest, upgraded payment platform and app at FinovateSpring in Santa Clara, Calif., on May 8-11, 2018. Company executives will also be participating in two panels exploring the way new technologies are being used to increase growth and reshape the business of financial services.

Mobile has become the preferred channel for consumers to conduct day-to-day business and commerce. As a result, financial institutions are working to expand their offerings of mobile-based alerts and controls for their debit and credit cards. Ondot will demonstrate the newest generation of its Card Control App on Day One of FinovateSpring, highlighting how building a strong card control customer experience enhances account growth, card usage and reduces fraud.

“The transition to a predominately mobile economy will accelerate in 2018, thanks to advances in technology that enable financial institutions to offer not just data to consumers but actionable insights,” said Vaduvur Bharghavan, Founder and CEO of Ondot. “Consumers are increasingly demanding the ability to make timely, informed decisions about their money and how to protect their financial assets.”

In addition to being one of the few companies selected to demo their solution at the conference, Bharghavan will also participate in two panel sessions exploring the ways new technologies are changing financial services. The two sessions are:

  • Question Time: Customer Acquisition and Retention Models – New Technologies and Ideas Being Used to Sell and Service Client Accounts in Order to Increase Growth and Profits
  • Leaders Debate: Financial Services is Poised for an Unprecedented Transformation – From Millennials to Generation Z, How is the Industry Being Radically Reshaped?

Ondot empowers cardholders to remotely control their cards from a smartphone app. Cardholders can lock or unlock cards; set usage controls by location, merchants, transactions types, and spend limits; plus receive and respond instantly to alerts and offers. Parents are able to control dependents’ spend, and employers can set controls for employees’ purchases.

Ondot executives will be available at Finovate for media and analyst interviews.

About Ondot Systems
Ondot Systems is the global leader in powering mobile payment services, serving over 3,000 financial institutions across four continents. The company’s real-time platform, built upon an API based services-oriented architecture, gives financial institutions a competitive edge by increasing mobile engagement and empowering their customers to personalize, manage and control how payments are made in today’s world of always-on digital commerce, resulting in higher usage of payment instruments while lowering fraud incidents. To learn how Ondot is shaping the future of payments, visit www.ondotsystems.com.