Meet Sunlight, the API to change the card-on-file with apps and subscription services.
Guy, Gil and I are thrilled to introduce Sunlight to help Fintechs automatically make their cards top-of-wallet immediately after they're issued!
Card-on-file is the digital commerce growth engine:
82% of consumers use digital payments. Merchants, service providers and subscriptions-based businesses everywhere now offer their customers the ability to save a debit/credit card on file, so they can pay their bills on time, buy in one click, or earn rewards. And globally, 79% of consumers currently have saved a card on file or are open to doing so.
The Problem:
In recent years, card-issuing-as-a-service has made it easy for any company to start their own card business, leading to an all-time high in the number of cards issued in 2021. For users, however, switching banks or opening a new credit card account comes with an additional hurdle: they need to update their payment info across multiple services. And on the other side of the equation, financial institutions that are issuing those cards are struggling to get their users to switch their spend from their old card to the new one. FIs have a very low conversion rate because they have no visibility and no control over the card-on-file updating process.
The Solution:
With our universal get-your-card-on-file API, FIs can offer their users at any point in their journey a quick and easy way to update their debit/credit card info everywhere they shop or pay online, without ever leaving their Apps. The Sunlight API works on every platform that has a card-on-file option (think Uber, Amazon, Netflix, DoorDash, Starbucks and so many more…), is as seamless as a Plaid connection, and always gets the card number right and CVV code on the first try!
Our Ask
If you’re offering cards to your users and want to increase the usage of those cards to generate more revenue, email founders@sunlightapi.com to skip the waiting list and start using our API!
Check out our website: sunlightapi.com
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