I’m just asking this out of curiosity as I know there is a thread for making corrections to merchant names and it doesn’t only apply to Starling.
Is there a difference in the way a traditional bank gets a merchant name when paying by debit card to what way the new fintech companies do? A couple of my merchant names have been way off and I will update the thread to notify the corrections. It got me wondering if this is the case with traditional banks. I would have thought that the merchant’s bank would have pushed the company name out and it would somehow always be accurate as has been the case with my old banks. I’ve been testing out a couple of these new banks/fintech providers and merchant names seem so haphazard and inaccurate.
Do old banks have these problems too and it’s just not happened to me or is there something in the technology that is different in getting merchant names?
Absolutely loving Starling other than that for the instant notifications and such a smooth and user friendly app.