Root bank card shutting down

[Jamie McKane]

Root bank card shutting down

Root has informed customers that it is shutting down its programmable bank card. Its RootCode technology lives on in Investec's programmable bank accounts.

All Root cards will be deactivated on 31 July and clients have until 31 August to clear out their accounts. EFT functionality will remain available after the cards are deactivated.

 

[DapperDanMan]

That's a surprise ... NOT!

 

[RandomGeek]

How many subscribers/accounts are affected out of interest?

 

[The_Ogre]

All I remember is an announcement that they're working on this, and I was super amped.

Now I hear they're shutting down.

 

[PsyWulf]

How many subscribers/accounts are affected out of interest?

Wild guess,200

 

[jcode]

If a bank gives a small startup more features than it offers, they will shut it down eventually.

 

[dualmeister]

Never heard of them.

 

[xrapidx]

Wasn't aware it ran on Investec’s programmable bank accounts - I've been following that recently, and its interesting to see what they various devs are getting up to.

 

[Thor]

sucks - was looking forward to the API

 

[Hamster]

Wasn't aware it ran on Investec’s programmable bank accounts - I've been following that recently, and its interesting to see what they various devs are getting up to.

Investec’s openbank beta program is useless and will remain useless until a transactional API is released.

 

[xrapidx]

Investec’s openbank beta program is useless and will remain useless until a transactional API is released.

There is an API, haven't looked at it yet. Either way, the entire process has to start somewhere.