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Ondot Systems, the all-around baton in adaptable payments services, today appear that it has anchored a cardinal allotment advance from Citi Ventures.

Ondot works anon with cyberbanking institutions to accord consumers added ascendancy over and afterimage into their claimed acquittal transactions. With Ondot, consumers can administer functions such as artifice alerts, transaction banned and acquirement area restrictions, all from the accessibility of an app on their smartphone or desktop. This advance will added abutment Ondot’s efforts to abound its all-embracing attendance and artefact offerings.

Today’s digitally affiliated consumers are attractive for added means to admission abundant advice about their agenda lives — including claimed acquittal transactions. Ondot’s belvedere addresses avant-garde chump preferences by alms a band-aid that can be congenital anon into the agenda processes of cyberbanking institutions, authoritative adaptable and on-demand solutions added attainable and arresting than anytime before. Ondot’s provides cyberbanking institutions with either a white characterization app or an API that can be chip into above-mentioned casework accessible to its consumers.

“As we steadily advance against high-frequency, airy and free payments, consumers added apprehend abundant advice about their transactions,” said Vaduvur Bharghavan, Ondot Systems CEO. “Bringing calm capacity such as real-time transaction authorizations, adjacency controls, merchant specifications, and applying apparatus acquirements on actual abstracts helps consumers accept added ascendancy over their cards and delivers a exceptional cardholder experience.”

Ondot works anon with credit, debit and allowance agenda providers to accommodate agenda control, affluent merchant abstracts and chump assurance into its products. Its casework are in use by over 4,300 agenda issuers beyond four continents to enhance chump adventures for millions of cards, creating an coaction amid the user, payment, and abstracts at time of purchase.

“Mobile apps accept become the touchpoint of best for millions of cyberbanking barter to administer their finances. With expectations rising, agenda cyberbanking teams apperceive they charge to continuously iterate their adaptable apps to ensure that adaptable cyberbanking adventures are congenital about chump needs,” wrote Forrester analysts Aurelie L’Hostis, Peter Wannemacher, Arnav Gupta.1

Ondot’s capabilities accept delivered a 23 percent admission in agenda acceptance and about 25 percent abridgement in artifice amid users, which provides both affluence of use and aegis for assorted parties complex in a transaction: including the merchant and the consumer. It delivers a holistic acquittal acquaintance to consumers, while accouterment a turnkey band-aid for cyberbanking institutions gluttonous to bear added transaction afterimage to their clients.

“Consumers appetite to be able to administer their cyberbanking lives anywhere and at any time, and their expectations for a seamless acquaintance will abide to evolve, said Ramneek Gupta, managing administrator and co-head of adventure advance at Citi Ventures. “Ondot meets this appeal by accouterment avant-garde solutions that accredit added admission and ascendancy of cyberbanking information, so we are captivated to invest.” 

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