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Fintech Startup Flux Partners With Barclays On Itemized Receipts

Fintech Startup Flux Partners With Barclays On Itemized Receipts

Flux the London fintech startup has announced a partnership with Barclays in the U.K that will see it trial itemized receipt technology with 10,000 of the bank’s customers.

The young company has built a software platform that bridges the gap between the itemized receipt data captured by a merchant’s point-of-sale (POS) system and information shows on mobile banking app.

This extra captured data can also potentially do other useful things, such as power rewards programs, or help you understand your spending better.

Flux says that Barclays customers taking part in the trial through the Barclays Launchpad app will see their receipts in real time, including all purchases, with VAT, delivered directly to the app.

Users can take ownership of their financial data by going paperless and keeping track of everything they buy without having to download extra apps or changing any behaviour,” notes the company.

if the pilot is deemed by Barclays to be a success, it has the potential to be rolled out to the 5 million customers using the main Barclays Mobile Banking App.

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