Market Overview

"Alexa, Update My Credit Card" – CardSavr™ API Leads Voice and Fintech Convergence

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CEO Chris Hopen to Share Insights on the Fintech-Voice Convergence at
the Premier VOICE Summit on July 26 at 1:30 p.m., at the New Jersey
Institute of Technology

Switch,
Inc.
, a leading financial technology company, announced today that
its proprietary machine-learning, automation platform is ready to
transform online commerce as it converges with voice technologies.

Voice coupled with the company's CardSavr
API
will allow millions of credit cards and payment sources to be
immediately and safely provisioned to thousands of merchant sites at any
time with "one command." Online retailers and credit card issuers will
increase revenue and enhance convenience for cardholders by providing a
virtual payments concierge. Cardholders will no longer have to remember
passwords or other details when managing their cards on file.

Example Voice Commands Possible with CardSavr API:

  • "What card do I have on file at BestBuy.com?"
  • "Update my autopay information on Comcast."
  • "What is my billing address at Amazon?"
  • "I have a new credit card; can you add it to my Netflix account?"

Switch Co-founder and CEO Chris Hopen will share his insights about the
fintech-voice convergence and Switch's role on the panel "Fintech's
Leads of the Voice-first Revolution" at the VOICE
Summit
in New Jersey, July 26, at 1:30 p.m.

"Switch has been preparing for the convergence of voice and fintech and
brings an exclusive approach with our CardSavr API that can advance the
evolution of voice technology and fintech," said Hopen. "The ability to
securely manage your online payments with natural language processing
technology can be applied to existing payment processes and financial
infrastructures, today. CardSavr API can be integrated immediately into
banking apps, websites, and other financial technology platforms without
changing the inherent environment," added Hopen.

Hopen is a technology veteran and entrepreneur who also founded Tappin,
which was acquired by Globalscape in 2011. Hopen was also a Co-founder
and CTO of Aventail, one of the first SSL VPN companies. Aventail was
acquired by Sonicwall in 2007.

Switch has already garnered national industry attention from financial,
credit card and retail leaders during the last several months, due to
its recent announcements.

"The growth of voice payments is poised to accelerate exponentially
faster than mobile payments. It will look like a transformation from
horse and carriage to bullet train due to the convenience of voice and
fintech. All of this leads to faster growth of profits and frictionless
experiences for consumers," said Mark Weber, CEO of Weber
Marketing Group
and financial industry marketing expert. "Whoever
masters the integration of secure voice-fintech will likely dominate the
new wave of consumer payment transactions. Switch offers the only
automation platform that can power the entire virtual ecosystem with
strategic, voice-first, experiences that benefit consumers."

More about CardSavr API

Merchants and card issuers continue to face increasing threats to keep
payment cards active. CardSavr is the first and only API to enable card
issuers and processors the ability to help cardholders automatically
update cards across thousands of merchant sites instantly.

Switch uses patent-pending, machine-learning technology to build a
crowd-sourced database of automated robotic processes. Virtual browser
technology performs the card updates on the end user's selected accounts
and saves it on their behalf. The entire process of updating payment
information online is carried out in seconds.

To learn more about Switch's CardSavr API visit www.cardsavr.com.

About Switch, Inc.

Headquartered in Seattle, Switch creates one-of-a-kind cardholder
experiences that inspire loyalty, leading to recaptured and increased
card revenue. The company's secure, proprietary and patent-pending
automation technology gives cardholders the ability to manage and update
all of their online accounts in one place. You can learn more about
Switch at switchme.com
or follow the company on Facebook
and Twitter.

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