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<p><strong>New York, New York, June 19th, 2024, FinanceWire</strong></p>
<p>&nbsp;</p>
<p>Knot, an innovative fintech platform specializing in card-on-file management solutions, has partnered with Plaid, a data network powering the digital financial ecosystem, as a preferred referral partner for card management services. Through its merchant connectivity infrastructure, Knot will now provide its CardSwitcher™ product to over a hundred of the largest merchants in the United States for their consumer payment updating needs.</p>
<p>As part of the partnership, Plaid will direct customers to Knot for streamlining their card management processes, ensuring their end users can push their credit or debit cards to top-of-wallet with just a few taps on hundreds of online merchant platforms. Knot&#8217;s CardSwitcher can be tailored to Plaid users&#8217; individual payment preferences and needs.</p>
<blockquote><p>&#8220;The collaboration with Plaid aligns perfectly with our mission to provide a seamless and user-centric financial ecosystem,&#8221; said Rory O’Reilly, CEO of Knot. &#8220;Plaid has built an incredible fintech ecosystem, and as their Preferred Provider for card-switching, we look forward to offering their customers the best solution via CardSwitcher™&#8221;.</p></blockquote>
<p>Knot&#8217;s CardSwitcher lives in a cardholder’s banking or fintech product and connects to a vast global network of merchants, covering a significant portion of the online retail and subscription service landscape. With just a few clicks, users can update their payment information across multiple platforms, reducing the hassle associated with manual updates.</p>
<p>CardSwitcher offers the following benefits to card issuers, merchants, and end users:</p>
<div class="htlad-desktop_in_post_ad_1" data-htlad="true" data-unit="Markets-Insider/Currencies/News" data-prebid="0x0:|768x0:Currencies/News/medrec|1261x0:Currencies/News/billboard_flex" data-targeting="{&quot;adx_abtesting&quot;: &quot;20&quot;}">
<div id="htlad-3" class="htl-ad" data-unit="Markets-Insider/Currencies/News" data-lazy-pixels="350" data-sizes="0x0:|768x0:300x250,600x480|1261x0:728x90,800x480" data-prebid="0x0:|768x0:Currencies/News/medrec|1261x0:Currencies/News/billboard_flex" data-refresh="viewable" data-refresh-secs="60" data-refresh-max="20" data-targeting="{&quot;region&quot;:[&quot;desktop in post ad&quot;],&quot;amp_check&quot;:[&quot;false&quot;],&quot;insider&quot;:[&quot;no&quot;],&quot;adx_abtesting&quot;:&quot;20&quot;}">
<div id="htlad-3-gpt" class="htl-ad-gpt htl-size-300x250" data-google-query-id="CO3m8fao6IYDFT3u4wcdG4YALg">
<ul>
<li>Automated Updates: Card information is updated automatically, ensuring uninterrupted service and a seamless user experience.</li>
<li>User-Centric: The product provides users with the control to manage where their cards are stored and how their payment information is shared.</li>
<li>Merchant-Friendly: Merchants benefit from reduced transaction declines and improved customer retention, thanks to up-to-date payment information.</li>
</ul>
<p><strong>About Knot:</strong></p>
<p>Knot is the leading global merchant connectivity platform that enables users to seamlessly and securely manage their transactions with hundreds of different merchants on a daily basis. Its flagship CardSwitcher™ product offers major financial institutions, banks, and fintechs a secure and user-friendly solution to seamlessly switch their default credit or debit card on file at merchants at the request of their cardholders.</p>
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<p><strong>New York, New York, June 19th, 2024, FinanceWire</strong></p>
<p>&nbsp;</p>
<p>Knot, an innovative fintech platform specializing in card-on-file management solutions, has partnered with Plaid, a data network powering the digital financial ecosystem, as a preferred referral partner for card management services. Through its merchant connectivity infrastructure, Knot will now provide its CardSwitcher™ product to over a hundred of the largest merchants in the United States for their consumer payment updating needs.</p>
<p>As part of the partnership, Plaid will direct customers to Knot for streamlining their card management processes, ensuring their end users can push their credit or debit cards to top-of-wallet with just a few taps on hundreds of online merchant platforms. Knot's CardSwitcher can be tailored to Plaid users' individual payment preferences and needs.</p>
<blockquote><p>"The collaboration with Plaid aligns perfectly with our mission to provide a seamless and user-centric financial ecosystem," said Rory O’Reilly, CEO of Knot. "Plaid has built an incredible fintech ecosystem, and as their Preferred Provider for card-switching, we look forward to offering their customers the best solution via CardSwitcher™".</p></blockquote>
<p>Knot's CardSwitcher lives in a cardholder’s banking or fintech product and connects to a vast global network of merchants, covering a significant portion of the online retail and subscription service landscape. With just a few clicks, users can update their payment information across multiple platforms, reducing the hassle associated with manual updates.</p>
<p>CardSwitcher offers the following benefits to card issuers, merchants, and end users:</p>
<div class="htlad-desktop_in_post_ad_1" data-htlad="true" data-unit="Markets-Insider/Currencies/News" data-prebid="0x0:|768x0:Currencies/News/medrec|1261x0:Currencies/News/billboard_flex" data-targeting="{&quot;adx_abtesting&quot;: &quot;20&quot;}">
<div id="htlad-3" class="htl-ad" data-unit="Markets-Insider/Currencies/News" data-lazy-pixels="350" data-sizes="0x0:|768x0:300x250,600x480|1261x0:728x90,800x480" data-prebid="0x0:|768x0:Currencies/News/medrec|1261x0:Currencies/News/billboard_flex" data-refresh="viewable" data-refresh-secs="60" data-refresh-max="20" data-targeting="{&quot;region&quot;:[&quot;desktop in post ad&quot;],&quot;amp_check&quot;:[&quot;false&quot;],&quot;insider&quot;:[&quot;no&quot;],&quot;adx_abtesting&quot;:&quot;20&quot;}">
<div id="htlad-3-gpt" class="htl-ad-gpt htl-size-300x250" data-google-query-id="CO3m8fao6IYDFT3u4wcdG4YALg">
<ul>
<li>Automated Updates: Card information is updated automatically, ensuring uninterrupted service and a seamless user experience.</li>
<li>User-Centric: The product provides users with the control to manage where their cards are stored and how their payment information is shared.</li>
<li>Merchant-Friendly: Merchants benefit from reduced transaction declines and improved customer retention, thanks to up-to-date payment information.</li>
</ul>
<p><strong>About Knot:</strong></p>
<p>Knot is the leading global merchant connectivity platform that enables users to seamlessly and securely manage their transactions with hundreds of different merchants on a daily basis. Its flagship CardSwitcher™ product offers major financial institutions, banks, and fintechs a secure and user-friendly solution to seamlessly switch their default credit or debit card on file at merchants at the request of their cardholders.</p>
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Knot Partners With Plaid For Card-on-File Switching

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