With the idea that credit card charges tell you whole lot more than Yelp reviews, phone app Wisely (developed by Ann Arbor-based Glyph) gives users access to transaction data, allowing them to deep dive into the local economy. File under very cool.
Excerpt:
"In the new app Wisely, you can search for things like restaurants, shops or bars, for example, and see search results based on transaction data, not social mechanisms like check-ins or user rankings and reviews.However, the app isn’t only focused on the “before” side of consumer spending – it also lets you store your loyalty and membership cards for easy access during your visits and helps you understand your spending behavior afterwards, similar to something like Mint.
Like Mint and other mobile money management apps, Wisely lets you set a budget and then analyze your spending over time, examining the categories of your past purchases and even where they’re located on a map – the latter an easy way to spot a possible fraudulent transaction, Vichich claims."
Enjoy this story?
Sign up for free solutions-based reporting in your inbox each week.