Credit cards Updated:
A service designed to help credit card customers better manage their finances and reduce the risk of fraud has been recognised at an industry event. MBNA Connect received the Best Online Initiative accolade at the 2009 Credit Card Awards, held in London last week. The technology allows cardholders to download an application to their computer and manage their account without having to log in. Customers can set it up to alert them when their balance reaches a certain level, while those carrying out a credit card comparison may be attracted by the ability to combat fraud by receiving notification if a transaction is over a given amount. President of MBNA UK Card Greg Reed remarked: "We are delighted to have received this award," adding: "This unique technology, which has been developed by Skinkers, is a first for the financial services industry." Last week MBNA announced the launch of new card that is only available online, offering what Mr Reed described as a "market-leading" interest rate.
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