How would you improve payments and/or credit card usage?

[Nathan Melanson]

This weekend, I'm participating in a FinTech hackathon at ATDC (startup incubator at Georgia Tech) [http://atdc.org/atdc-news/advanced-technology-deve...

The idea is a group of software developers work through the weekend, to come up with a new product. The event is sponsored by payment processors (ACH, credit cards, debit cards, gift cards), and they are looking for new ways these services can be used.

For example, by working with the credit card transaction processors, we can do things like have budgets setup by category, and have transactions rejected if they go over that budget. 

My question to you would be, what do you wish your credit card (or debit or gift card) could do to make your life easier?

[Trevor Ewen]

@Nathan Melanson

This is probably a bigger and harder to solve problem. I would like much more per transaction detail. The limited information (metadata) carried with each transaction is clearly a legacy of credit card processing that is over-dependent on the phone system.

Since we're past the point of small amounts of data costing a lot of energy and infrastructure to transfer, it would be nice to have more data available on a per transaction basis:

- Descriptions
- Memos
- Geo coordinates

- Customer service number (for business performing sale)

- Customer service email

Just a few things that could be added.