CardControl is a service that aims to reduce the prevalence of Credit card fraud by letting users set controls that determine how each card can be used from their smartphone. The hitch is that banks must opt in to the service before individuals can use it
"You use your card at a merchant the way you **rmally would, but you use your phone as a Remote Control to determine when, where and how the card can be used," Ondot's CEO and cofounder Vaduvur Bharghavan told Mashable. "We're putting intelligence into the card without touching the card in any way." Read more...