Consumer Payment Card News

Spend Management Tools

Offering more insight and control over your spending, Visa is making available through your financial institution brand new spend management tools. You now have access to mobile SMS text, email, and online spend management tools providing a “purchase threshold” for various accounts, monitoring spending in certain categories, and alerts when your aggregate spending exceeds pre-set levels. As a Visa account holder, you can elect to enroll in the service and choose which of your accounts you wish to activate through your bank. These options allow you to select spending categories you wish to manage, such as grocery, entertainment or restaurant spending; set budget levels you want to assign to each spending category on a daily, weekly or monthly basis; and chose which of the said electronic methods by which you would like to be notified when a threshold has been reached.

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