#United States #San Francisco #payment solutions #iWallet #Voice AI

iWallet Introduces Voice AI Technology for Payments

In a bid to reshape the payment industry, iWallet has announced a remarkable innovation: the integration of Voice AI into transactions. As a trailblazer in digital payment solutions, iWallet aims to meet the burgeoning demand for efficient, secure, and user-friendly payment methods, particularly focusing on the rising popularity of voice technology among users.

The Growing Popularity of Voice Technology

According to TELUS, nearly 81% of American consumers engage with voice technology daily, yet the payments sector has been slow to adopt similar innovations. Traditional systems have often relied on outdated technologies such as Interactive Voice Response (IVR) and Dual Tone Multi-Frequency (DTMF) signals for processing payments. Unfortunately, these older methods do not meet PCI compliance standards, which are essential for ensuring the security of sensitive customer data during financial transactions.

iWallet's Innovative Approach

iWallet sets itself apart as the first company to launch a PCI-compliant AI-based Telephone Order (TO) system that utilizes voice commands instead of manual DTMF signal entry. This food-for-thought transformation provides a significantly smoother user experience while enhancing security by minimizing the potential for human error and fraud linked to manual data entry. As Jim Kolchin, iWallet's founder and CEO, noted, “Adding the ability for businesses to use AI for payments saves them a lot of time and money.” With this evolution, iWallet not only increases customer satisfaction but also maintains compliance with PCI standards, which is a considerable advancement over traditional automated systems.

Experience the Future of Transactions

To get a firsthand experience of this innovative payment solution, interested users can call (775) 2-IWALLET (775-249-2553) to access a demo. The demo walks users through secure transaction processes, showcasing how iWallet Voice AI operates seamlessly, allowing users to interact using natural language, much like speaking to a human representative. Testers can use sample credit card details to explore the features:

• - Card Number: 4242-4242-4242-4242
• - Expiration Date: Apr 2044
• - CVV: 242

iWallet's Commitment to Innovation

By pioneering the integration of voice AI in payment processing, iWallet continues to reaffirm its commitment to revolutionizing the digital payments landscape. This commitment is embodied in not only their voice payment technology but also their patented one-sided check deposit system that simplifies manual transaction processes. Furthermore, iWallet’s integration with popular services such as Venmo®, PayPal®, and Zelle® facilitates seamless invoicing and payment workflows for businesses.

About iWallet

Founded in San Francisco, iWallet is a startup focused on transforming payment solutions for a diverse range of businesses. With a passion for embracing cutting-edge technologies, the company strives to simplify and secure payment processes for all users. This latest advancement in voice AI integration showcases iWallet's dedication to creating a shopping experience that is adaptable, efficient, and future-ready.

In a nutshell, iWallet's Voice AI technology is not just an evolution in payments; it represents a leap into the future of financial transactions, bridging the gap between convenience and security. With this innovation, users can expect a more integrated and hassle-free payment experience, setting a new standard in the industry. This exciting development marks a pivotal moment in the convergence of artificial intelligence and financial technology, wherein customer satisfaction and security are paramount.