By Oliver Smith on Wednesday 22 April 2020
A boon for businesses looking to rejig their finances.
Curve is extending its Go-Back-In-Time feature, that lets customers change the payment card they used for historical purchases, to now cover spending as far back as February.
Previously this ‘time travel’ let customers change payment cards up to two weeks after buying, say, a new TV, with Curve figuring out how to move the charges across from one card to another seamlessly.
Now this feature has been expanded to cover the previous three months, meaning Curve’s consumer and business users can make changes to the payment cards they used before the coronavirus crisis began hammering the economy.
“Although we cannot reverse the initial spending, we have found a way to help our customers with their cash flow by extending the time-travel functionality by more than six times what it was.,” said Shachar Bialick, CEO and founder of Curve.
“While we might not be able to stop the economic fall right now, we’re doing all we can to widen the security net for our customers who will now be in a better position to reassess their finances and be able to get more immediate access to cash to pay their bills.”
The feature is being made available to all Curve users immediately, and the fintech says its 90-day extension window will remain in place throughout the current economic crisis.
Similar to its digital banking rivals, Curve has been on a feature push since the coronavirus lockdown began launching numberless cards earlier this month and appointing former Payment Systems Regulator CEO Hannah Nixon as an advisor last week.