Building the Best Social Bank — Chapter 2

Building the Best Social Bank — Chapter 2

9 April 2019 | by Kroo Marketing Team

A lot has happened since our last update back in January, so we want to share another update on the progress towards our mission to change people’s relationship with money, for good.

Instant payments

As you may remember, in our previous update we shared how we had built the ability to pay your friends back within a group.

We’re now excited to announce that we’ve taken this to the next level and made it equally as easy to pay someone outside of a group, instantly, with just a few taps.

Pay your friends back with instant payments

Find a friend from your contacts list, choose how much to pay them back, and send the funds across to them.

No need to remember bank account numbers and sort codes. Easily pay your friends back in the app with the B-Social card, and use your fingerprint, face or password to secure the payment. Simple!

Real-time spending notifications

You asked, and we listened. Real-time notifications have been our most requested customer feature, and we’ve now delivered on that.

Real-time transaction notifications are now sent after any transaction when you spend money, as well as when a transaction is declined.

This will help you to stay on top of their finances whilst acting as an alert system if anyone tries to commit fraud using your card.

We’ve also improved the vendor information we provide, to make this clearer and more useful.

Get real-time spend updates at your favourite coffee spot

Add friends to your group

New joiner in your team or last-minute add-on to your group trip?

No worries, now B-Social customers are able to add their friends to existing groups.

Adding new members into a group won’t affect existing group balances. New members will be able to see historic expenses within the group.

We’ve also improved the Group Details page, providing information on group members, and the amount you and your friends owe / are owed.

This is only the start of our efforts to improving the experience for managing your groups.

New flatmate? Add them to the group, and make spending together simple

Biometric security

Tired of having to remember multiple passwords? With our new biometrics security, you don’t need to remember the password for our app.

B-Social now supports both fingerprint and Face ID on iOS, and biometrics login on Android.

You can approve payments and view your pin through the use of biometric technology, just using Touch ID or Face ID.

Keep up to date on our blog for more updates.

To download the app, visit either the App Store or Google Play.

We’re always looking for talented people to join our amazing team! Check out our careers page to see our current vacancies and get in touch.

As always we’d love to hear from you. Whether you have feedback on any of our updates or have a suggestion for what will make your life easier. Simply comment below. We’ll respond to every message we receive.

We aren’t a bank yet, but we are in the process of applying to the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) to become one!

The B-Social card is a Beta debit Mastercard® and can be used wherever Mastercard® is accepted. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. The Card is issued by Wirecard Card Solutions Ltd (“WDCS”) pursuant to license by Mastercard International Inc. WDCS is authorised by the Financial Conduct Authority to conduct electronic money service activities under the Electronic Money Regulations 2011 (Ref: 900051)

This is an e-money product and not covered by FSCS deposit protection.