Capital One sent an email (see below) to customers two days ago promoting a new version of its Wallet mobile app. Although it’s not mentioned in the email copy, when you click “Get Started” the resulting webpage (see above) reveals that the bank is about to add receipt capture to its app.
Normally, I’d save this news for a Feature Friday post. But I’m so excited to finally have integrated receipt capture on one of my cards, I just had hit publish. Of course, it’s “coming soon” so I can’t give you any insight into how it works, or if there is an OCR component. But the website copy does mention some level of integration, just not whether its automatic (OCR) or manual:
Simply snap a photo to connect a receipt with a charge in the app.
American Express offers this capability, Chase on its Ink small biz app, as well as Expensify and a few other fintech startups. But Capital One is the first big Visa/MasterCard consumer issuer (that I know of) with the feature. I’ll let you know how it works.
Capital One email announcing remodeled native Wallet app (31 Aug 2015):
Update (3 Sep 2015): I omitted the Chase Ink card in the original post.