The $5.2 billion Security Service Federal Credit Union in San Antonio is the first CU to roll out a MasterCard tool to help MasterCard debit card holders track their debit card spending online.
MasterCard has dubbed its new tool as the MasterCard Money Manager and it's meant to provide MasterCard debit card holders with a way to quickly and efficiently monitor their debit card spending and that of their household.
"MasterCard Money Manager provides greater control to MasterCard cardholders at a time when consumers are seeking ways to better manage spending," MasterCard said. "According to MasterCard research, 43% of consumers prefer debit to other payment methods because of its ability to provide greater financial control and help them spend responsibly."
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"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," said Keith Sultemeier, executive vice president and chief financial officer at Security Service. "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."
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