MasterCard launches web-based personal finance service
MasterCard launched Money Manager an online personal finance and budgeting service to help cardholders categorize and manage spending. Money Manager allows consumers to review signature and PIN-based transactions sorted by merchant categories, create customized spending categories to identify spending patterns, and compare actual spending to a budget.
“MasterCard Money Manager provides our members with a simple and convenient way to create a budget and then track how and where they are spending,” Keith Sultemeir, executive vice president and chief financial officer of security services said. “Especially in today’s economic environment and as we approach the start of the holiday shopping season, we’re excited to be able to offer our members more control and greater financial management capabilities simply by using their debit card.”
Program users can track household spending on multiple cards daily, monthly and over time. Users have the options to sort transactions by date, merchant category, merchant locations, card number and name.
