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This screenshot from the front page seems to be offering something like what you want? [1] And they clearly support virtual cards so why wouldn't automating tha

This screenshot from the front page seems to be offering something like what you want? [1] And they clearly support virtual cards so why wouldn't automating that work through their API? [2] [1] https://root.co.za/images/rootcode.svg https://root.co.za/images/rootcode.svg [2] https://root.co.za/images/mobile-desktop-mockup.jpg https://root.co.za/images/mobile-desktop-mockup.jpg EDITS: added 2nd part and formatting

ChristianBundy 9y ago
True, although I wonder whether the transaction can be asynchronous. For example, if you don't approve or deny within a few seconds, I'd be willing to bet that the transaction times out. This would be fine for in-person transactions, where you can approve it on your phone, but for transactions you aren't expecting (e.g. recurring monthly subscriptions) it seems like you'd need some notice -- or a long timeout period.
- apostacy 9y ago
  I'd love to collapse all of my recurring payments into a monthly report, that I can review and authorize. This is exactly the thing banks are suited to handle. It would also be cool if a bank could abstract bill payments for me, where they present the debit, and show the time window to pay it, and let me select what business day to process it on. Actually, all of these services exist in one form or another. If you have a business account. And most banks have bill payment processing. But I'm surprised that no bank is offering these services bundled together, directly to consumers. I'd happily pay for a checking account console.
  - curryhowardiso 9y ago
    > I'd love to collapse all of my recurring payments into a monthly report, that I can review and authorize. Yes, even just a list of the recurring payments (that is updated in realtime and that you can centrally discontinue) should be available to the banking consumer -- and it should be the responsibility of the banking entity to provide this feature. The do not, because the financial sector makes its revenue from payments occurring, rather than not. A consumer would naturally gravitate towards a bank that was not limited by this concern (or derived equivalent profit elsewhere for provision of value)
    - deleted 9y ago
      [deleted]
apostacy 9y ago
What I've found, is that every virtual credit card provider has to try to process recurring payments, even if that virtual credit card is depleted, kind of defeating a big use of virtual credit cards. I am sure that this is something they were obligated to do by other financial institutions. So virtual credit cards just end up being solely for online transactions that are not recurring. The only company I have found that actually does what I'm describing is entropay.com, and they are based in Malta and I don't trust them for big transactions, as they have been known to steal people's money.

ChristianBundy 9y ago

True, although I wonder whether the transaction can be asynchronous. For example, if you don't approve or deny within a few seconds, I'd be willing to bet that the transaction times out. This would be fine for in-person transactions, where you can approve it on your phone, but for transactions you aren't expecting (e.g. recurring monthly subscriptions) it seems like you'd need some notice -- or a long timeout period.

apostacy 9y ago
I'd love to collapse all of my recurring payments into a monthly report, that I can review and authorize. This is exactly the thing banks are suited to handle. It would also be cool if a bank could abstract bill payments for me, where they present the debit, and show the time window to pay it, and let me select what business day to process it on. Actually, all of these services exist in one form or another. If you have a business account. And most banks have bill payment processing. But I'm surprised that no bank is offering these services bundled together, directly to consumers. I'd happily pay for a checking account console.
- curryhowardiso 9y ago
  > I'd love to collapse all of my recurring payments into a monthly report, that I can review and authorize. Yes, even just a list of the recurring payments (that is updated in realtime and that you can centrally discontinue) should be available to the banking consumer -- and it should be the responsibility of the banking entity to provide this feature. The do not, because the financial sector makes its revenue from payments occurring, rather than not. A consumer would naturally gravitate towards a bank that was not limited by this concern (or derived equivalent profit elsewhere for provision of value)
  - deleted 9y ago
    [deleted]

apostacy 9y ago

What I've found, is that every virtual credit card provider has to try to process recurring payments, even if that virtual credit card is depleted, kind of defeating a big use of virtual credit cards. I am sure that this is something they were obligated to do by other financial institutions. So virtual credit cards just end up being solely for online transactions that are not recurring. The only company I have found that actually does what I'm describing is entropay.com, and they are based in Malta and I don't trust them for big transactions, as they have been known to steal people's money.