Switch brings voice tech to its CardSavr API
Switch CEO Chris Hopen says the company’s CardSavr API will use natural language processing to process the managing of cards on file and getting new and renewed cards provisioned with merchants. The technology will enable cardholders to use their voice to make commands to update autopay information, add a new card to an online account, and more, reports David Penn at Finovate.
“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,” Hopen explains.
He pointed to the growing use of natural language technology to manage online payments and conduct other financial activities, and reckons it is easy for financial institutions to add these technologies to their solutions.
“The CardSavr API can be implemented immediately into banking apps, website, and other financial technology platforms, without changing the inherent environment,” Hopen adds.
Founded in 2014 and headquartered in Seattle, last month, the company, which has raised more than $1.9 million in funding, announced that its CardSavr API could be deployed to help card issuers transition to virtual cards.