Here's your Forbes Daily Briefing for Thursday, February 27th.

Today on Forbes, this Fintech's visa card keeps Grandpa from blowing his nest egg.

In November 2020, Alana Perales received this sort of emergency call she'd been dreading.

Her then 84-year-old dad, a retired aerospace engineer who'd

lived alone in his Arizona house since her mom died in 2006, had suffered a stroke. After months of rehab

in a nursing home and then a group home, he still had problems with mobility and completing complex

tasks. So in April of 2021, they agreed he should

move into an assisted living apartment complex near his old neighborhood and friends. A good

housing option for someone who needs help with certain daily activities, such as cooking or managing

medicines, but values his independence and doesn't need skilled nursing or constant supervision.

Perales, a 42-year-old economic development specialist who lives with her husband and daughter in Los Angeles,

was now managing her dad's finances, as well as his care, from a distance.

Even before his stroke, she'd worried he was starting to fall for

scams and junk products pitched by telemarketers and door-to-door salesman. Now she wanted

something akin to assisted living for his spending. She says, quote, he needs more help,

but he still wants some control of his life. He's an adult. After some online research,

her husband found the solution, a prepaid visa debit card that allows a relative or other

trusted administrator to monitor the cardholder's transactions and set up dozens of individual

spending controls limiting the size and nature of purchases and how and where

they occur. For example, blocking certain charges from telemarketers or online. Attempted charges by

known fraudsters are automatically blocked, while administrators can get alerts when unusual

spending has been detected or transactions declined.

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