About

Ondot Systems is the creator of Mobile Card Services, a white-label solution that gives consumers control over payment cards. Headquartered in Silicon Valley, Ondot brings together an experienced management team from mobile, security, and payment card industries who share a vision of transforming how consumers interact with their financial institutions.

Focus

PRODUCTS & SERVICES

Card Control - CardControl empower consumers to switch cards on and off, and set card usage preferences by location, merchant categories, transaction types, and spend limits. Card Alerts - CardAlerts enable consumers to set transaction alert preferences similar to CardControl, and are instant and actionable. Self Service - Self Service enables consumers to view detailed information and perform common tasks relating to their cards, accounts and transactions on-the-go. mConsole - mConsole provides product managers and support personnel with views into product adoption dashboards, custom reports, and customer troubleshooting functions. Fraud Watch - Fraud Watch Fraud Watch enables risk managers to enroll their entire card portfolio and create control rules on-the-fly to monitor cards for potential fraud. Ondot provides Financial Institutions with a comprehensive management suite to manage operational and customer support aspects of Mobile Card Services.

REVENUE MODEL

Ondot’s business model calls for banks to pay a monthly fee for each active user of its app, called CardControl. Revenue model is based on charging a licensing fee from the banks per user they offer the services to.

MAIN CLIENTS

Lone Star National Bank & others.

COMMENT

Users can lock or unlock cards with a single touch and specify location preferences for payments by region and proximity.