SEATTLE–(BUSINESS WIRE)–Switch, Inc., a financial technology company offering the first comprehensive platform to solve the credit card management and replacement problem for consumers, merchants, and card issuers, announced today that the company has added consumer payments and retail loyalty executive Kevin T. Knight to its Board of Directors.
Knight has held many successful leadership roles instituting innovative credit payment products and programs for such high-profile retail brands and financial companies as VISA, Nordstrom, Macy’s, Cabela’s and GE Capital.
“Kevin’s deep understanding of the financial payments industry, consumer behavior and levels of customer experience will provide invaluable insights and relationship access toward Switch’s business objectives,” said Chris Hopen, Founder and CEO of Switch, Inc.
Today’s announcement underscores the growing recognition from financial leaders and the credit card and payments industry that Switch is bringing a breakthrough technology solution that addresses a growing problem plaguing the financial industry and killing its profits.
“Switch not only resolves a consumer pain point and impediment to convenient mobile and online commerce, but provides card issuers with significant volume and revenue upside by ensuring that the most updated payment credentials are easily deployed by their customers,” said Knight. “I am excited to join the Switch team and support their efforts to provide automated consumer solutions for managing new and updated payment card information wherever cardholders shop or make payments online.”
Knight joins Hopen; Spry Internet-in-a-Box and DataChannel Founder Dave Pool; and accomplished CEO and wireless pioneer Rich Begert, who all sit on the board.
Knight joined VISA as Head of Credit and Debit Card Products, North America in 2012 and was instrumental in growing the consumer credit, debit and small business suite, development of new features across all product lines, and expansion of Visa Analytics.
Prior to Visa, Knight was EVP and President of Nordstrom’s Credit Division and Chairman/CEO of Nordstrom fsb, a wholly-owned federal savings bank subsidiary. Knight built the retail loyalty program and supporting credit and debit payment products during his 14-year tenure with the company.
Knight has also held a variety of leadership positions at GE Capital and served as Senior Vice President and General Manager of Macy’s Credit Services.
Switch acts as an automated assistant to update all consumer online payment accounts. The technology will redeem millions of lost purchasing dollars and interchange revenue for retailers and financial institutions who are hit hard when consumer credit cards are out of circulation.
Switch is the only cardholder solution that uses machine learning technology and is seamlessly implemented and scaled without upending financial institutions’ current technology infrastructures. The technology doesn’t require opt-in integrations with individual merchant sites, processors, acquirers or card networks.
Cardholders can start using Switch to manage their online accounts by participating in its ongoing beta program at https://switchme.com/sign-up/.
About Switch, Inc.
Headquartered in Seattle, Switch is the fastest and easiest way to sign up, sign in, checkout, and switch payment methods across thousands of your favorite websites. The company’s secure, proprietary and patent-pending automation technology gives users the ability to manage and update all of their online accounts in one place. Learn more about Switch at switchme.com or follow the company on Facebook and Twitter.
Switch is led by Chris Hopen, technology veteran and entrepreneur who also founded Tappin, which was acquired by Globalscape in 2011. Hopen was also the Co-founder and Chief Technology Officer of Aventail, one of the first SSL VPN companies. Aventail was acquired by Sonicwall in 2007.
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