This post is part of our live coverage of FinovateSpring 2015.

Ondot Systems launches its CardConnect solution:

CardConnect utilizes the smartphone app and location, and transaction context, to establish an instant communication channel enabling financial institutions and consumers to converse in real-time.

• Card Issuers can notify at-risk cards to consumers and set higher level of controls
• Card Issuers can request consumers to confirm any transaction in real-time
• Consumers can initiate transaction disputes from their mobile device
• Consumers can set travel notifications, and card issuers can automatically update notifications using location tracking on consumers’ phones
• Consumers can rate transactions, and card issuers can use aggregate ratings to create personalized contextual offers

Presenter of the CardConnect solution: Vaduvur Bharghavan, CEO, Ondot

Product Launch: May 2015

Product distribution strategy: Through financial institutions

HQ: San Jose, California
Product Demoed: CardConnect
Website: ondotsystems.com