LifeLock Creates New Credit Card Management App ‘Identity’

LifeLock Creates New Credit Card Management App ‘Identity’

October 24, 2016         Written By John H. Oldshue

LifeLock, the identity theft protection company, has developed a new application to help consumers manage their credit cards. Known as Identity, this app is designed to let consumers view online accounts for their credit cards and seamlessly update information as it changes, such as getting a new address or credit card number.

There are several convenient features in Identity. First, users can log into their online credit card accounts through Identity and update contact information for all of them simultaneously. For instance, if you move to a new address, you can enter the new address into the app and Identity will change it for all of your online card accounts.

Another Identity tool is the ability to see which businesses have your credit card information stored online. Many consumers store a “card on file” to make bill payments and online shopping as quick and efficient as possible. Identity displays which companies have your information. If you get a new credit card number, you can update it for all those websites at the same time using this app. This is particularly useful for automatic bill payments that may impact your credit if you forget to update your payment information.

Identity may give LifeLock a chance to restore consumer confidence in its products. In June 2014, the company had to remove its mobile wallet app from the market because it did not meet the Data Security Standard. The CEO insisted this was not the result of a security breach, but rather a precaution to protect consumers from future threats. The company has shied away from developing new mobile products, until the introduction of Identity.



The information contained within this article was accurate as of October 24, 2016. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.


john-oldshue

About John H. Oldshue

John Oldshue is the creator of LowCards.com. He worked for over 15 years in television and won an Emmy award for his reporting. He covers credit card rate issues for LowCards.com.
View all posts by John H. Oldshue
Featured Low Interest Card
Top Features : 1.25X miles on every purchase; no annual fee; bonus of 20,000 miles once $1,000 is spent in first 3 months
Featured Cash Back Card
Top Features : 1.5% cash back on all purchases; $150 bonus after spending $500 in first 3 months
Featured No Annual Fee Card
Top Features : 2% cash back on purchases: 1% when you buy plus 1% as you pay; 0% APR for 18 months on balance transfers
Featured Bad Credit Card
Top Features : Perfect credit not required; Reports to major credit bureaus
Featured Fair Credit Card
Top Features : No annual fee; access to higher credit line after making first 5 monthly payments on time
Featured Limited/No Credit
Top Features : No annual fee; reports to major credit bureaus; access to higher credit line after making first 5 monthly payments on time