“Today, Charlie is releasing a new anti-fraud feature called SpeedBump. When a new payee or a device that hasn’t been used in 30 days is added to an account, or the account owner transfers over $100 to someone else, SpeedBump activates by pausing the transaction for up to six hours. During this time, Charlie sends notifications through the app, text, and email to the account owner about the transaction and also sends them educational modules about fraud. The hope is the pause is long enough for someone who is getting scammed to reverse the transaction, but not long enough to gum up everyday financial transactions.”
Read more: https://www.fastcompany.com/91143643/charlie-financial-fintech-older-people-ai-fraud-service