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This article was published on October 28, 2014

BillGuard now uses your location to help combat credit card fraud

BillGuard now uses your location to help combat credit card fraud
Paul Sawers
Story by

Paul Sawers

Paul Sawers was a reporter with The Next Web in various roles from May 2011 to November 2014. Follow Paul on Twitter: @psawers or check h Paul Sawers was a reporter with The Next Web in various roles from May 2011 to November 2014. Follow Paul on Twitter: @psawers or check him out on Google+.

BillGuard touts itself as the world’s first people-powered antivirus system for bills, with predictive algorithms that alert you when there’s unexpected charges made on your bank cards such as hidden fees, billing errors, scams and fraud.

Four months after it finally launched out of North America, landing in the UK, Australia and New Zealand, BillGuard has announced an interesting new feature is coming to its Android and iOS apps.

BillGuard will now tap your phone’s location to help protect against fraud, sending alerts when your card is swiped in a location it doesn’t recognize.

When you opt-in to share your location, BillGuard begins tracking your phone’s location and attempts to match where you’ve visited with where your card has been used. When a match isn’t made, you receive an alert. If it picks up a transaction from a location it knows you weren’t at on a particular day, it will tell you so.

1_Inbox
   
2_Transaction Detail

This is striving to combat crooks who use copies of stolen credit cards in the same geographic area as the cardholder, a simple technique that’s often used by miscreants as it’s less likely to trigger bank alerts on suspicious transactions.

BillGuard also claims to be smart enough to distinguish legitimate ‘card-not-present’ transactions, such as online and telephone. So hopefully you won’t be receiving alerts every time you order a pizza delivery.

As with the existing version, you can dispute any awry charges in-app directly with the merchant. But now, you can also keep tabs on your spending via a built-in transaction map.

3_Resolve
   
4_Spending Map

Card Location Alerts is hitting public beta on Android and iOS today. Unfortunately, the new feature is only available in the US for now, but it will be rolled out internationally at a later date.

Read nextBillGuard launches for iPhone to combat the ‘$14bn’ lost to credit card fraud

➤ BillGuard: Google Play | App Store