Electric shocks to curb overspending

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With online banking, it is now easier than ever for people to stay on top of their finances — but that doesn't mean that they do. Often, when someone is overspending, they will purposefully avoid checking their balance. Now, the Interact IoT is an Internet of Things banking platform that makes sure users are not living in blissful ignorance. The smart bank account connects to other devices — including the Nest Thermostat and Pavlok wearable — and gently punishes the user for overspending, helping them break their bad habits. To begin, users connect their existing bank account or credit card…

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