Its mobile and web applications scanned credit and debit card transactions, alerting users to potential scams, billing errors, fraudulent charges, and hidden fees.

[2][3] As of October 2014, BillGuard reported flagging over $60 million in suspect charges on behalf of its users, based on more than $1 billion in monitored transactions.

[12] In July 2013, BillGuard launched a free iPhone app, encouraging users to take a more active role in monitoring their charges compared to the company's earlier "set-and-forget" web application.

[19] BillGuard FI, designed for financial institutions, aimed to reduce transaction inquiry and dispute processing costs.

In a practical spin on the story, today, on Rothschild Boulevard in Tel Aviv, Raphael Ouzan is living his dream in Israel as the co-founder and Chief Technology Officer of a start-up that is changing how consumers monitor their credit and debit card spending, and helping us get our money back from unwanted and deceptive charges.