Strivve's platform employs automated browser technology to instantly update any new or reissued credit card across multiple online accounts, eliminating the need for manual updates. This solution addresses the issue of card abandonment and payment interruptions by ensuring that cardholders can easily maintain their payment information on hundreds of online payment sites.
Funding
Funding not disclosed
Founders
Product
Problem
Cardholders face the inconvenience of manually updating their credit card information across numerous online accounts when a card is reissued or expires. This process is time-consuming and often leads to payment failures or service interruptions, negatively impacting both cardholders and merchants.
Solution
Strivve offers a platform that automates the process of updating credit card information across multiple online accounts. Using autonomous browser technology, the platform instantly updates card details on file with various merchants and payment sites whenever a card is reissued or renewed. This eliminates the need for cardholders to manually update their information, ensuring uninterrupted payments and preventing card abandonment. The platform integrates directly into existing banking applications, providing a seamless card-on-file update experience.
Target Audience
Strivve's primary customers include card issuers seeking to increase online card interchange income, financial technology providers looking to diversify their product offerings, and merchants aiming to decrease cart abandonment and payment interruptions.
Features
- Automated card updating across hundreds of online payment sites
- Autonomous browser technology for instant card placement
- CardSavr API for maintaining control over user experience
- Seamless integration into existing banking applications
- Secure platform with better-than-bank security protocols