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

Mobile banking customers at Lloyds Bank, Halifax and Bank of Scotland will now be able to track their spending on Google Maps thanks to a new app integration. 

The introduction of an in-app Google Maps feature will allow customers to pinpoint the exact location and details of debit card transactions. Additional card controls will allow customers freeze cards to protect against fraud, whilst nudges will help users to manage spending. 

The syncing of card controls with Google Maps will enable notifications for users who can then freeze cards at tills and terminals to stop transactions where the card is present at the place of purchase. The service applies to online in-app, telephone, mail order purchases, as well as abroad to stop transactions including at ATMs, shops, restaurants.

The Google Maps service is now rolling out for Android customers and will be available on Apple iOS early next year. 

The suite of new services to be rolled out in early 2019 will also include Payday Insight, giving users a real-time budget after regular bills and payments are taken into account. 

Stephen Noakes, retail transformation director at Lloyds Banking Group, said: “We’ve already launched a number of new features to help customers see how they’re doing with saving, spending and using nudges, and we’re taking our industry-leading apps to the next level to offer customers a fuller view of their finances.”

Lloyds Banking group brands provide account services to more than 14 million people, while 9 million use their banking apps.

 

Source: http://www.fstech.co.uk