Digital Banking > Best API
WalletFi™ is a subscription management platform which enables users to identify, manage, and switch subscriptions and recurring charges across their accounts.
As more of the services we use everyday move to a digital and recurring platform, managing those relationships becomes increasingly unwieldy without a place to track and control them.
WalletFi's machine learning identification algorithm processes a user's transaction history (up to 13 months) to find any subscriptions to services like Netflix, and Spotify, recurring charges like telecom bills and local utilities, and card on file services like Lyft and Uber, American Airlines and Marriott, or their favorite e-commerce retailer.
Next, intelligent insights and notifications alert the user to any action items, like duplicate subscriptions, newly identified subscriptions like "free" trials which are easily forgotten, and any changes in the amount of a subscription (@Netflix...), and users can easily tally how much they are spending on recurring charges each month (a whopping $857 on average).
Users can then manage these charges through WalletFi's digital switchkit technology.
If their card is reissued, or they open a new account, they can select which payment method in their wallet they want to use to pay a service, and WalletFi will automatically switch the service to use that card, ensuring their sports subscription is never sidelined by an expired card.
If users find a duplicate subscription or want to end a service, they can cancel it right from the WalletFi app without having to play “Where’s Waldo” to find the hidden cancel button on a merchant’s site.
FIs, card issuers, and FinTechs can all leverage the power of WalletFi via the WalletFi API, iOS application, or the upcoming progressive web app, in order to make their card Top of Wallet, or include subscription management as part of their offering.