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Moven feature lets users suspend, reactivate lost debit cards via smartphone

Losing a debit card is stressful for obvious reasons, not the least of which is the process of having it deactivated. Then you have to wait for a new card — even if you find the lost one.

The mobile banking app provider Moven, which bills itself as the only debit account that gives real-time feedback on purchases and analysis of spending, has added a new feature that could remove some of the hassle associated with losing a card.

The feature lets users suspend (or unsuspend) an account via smartphone.

"We understand account security is a constant concern," Julianna Young, Moven's director of marketing, said in a news release. "We're using the unique capability of a smartphone to give consumers greater control when it comes to security over their money."

Moven said it has also added an enhanced performance data feature that improves the sophistication and accuracy of its real-time feedback engine. The company said the financial management app is the most intelligent one on the market and gives customers an instant picture into their finances and enables better money management.

Both features will launch with Moven's new iOS app, the company said, set to hit the app store this week.

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