Unlike some other family spending tools in which parents dictate what their children can spend on prepaid cards, Malauzai Software and payment technology provider Vantiv are delivering an application that encourages users to let the child decide what to spend.

The premise behind Vantiv's Family Manager: SmartKid Control is that the parents set broad guidelines but the children set their own spending limits and alerts. In that way, the parents and children can use the SmartKid control app together to learn financial responsibility.

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