Payments experts got a taste of just how much the Internet of Things could affect personal banking as IoT develops.
Fiserv participated in the 2016 PYMNTS/Alexa Challenge in which 12 teams and 14 companies demonstrating how Amazon Echo, Amazon's voice-activated tech that responds to the name Alexa, could reimagine how consumers interact with their payments and financial services solutions providers. Echo consists of a 9.25-inch tall cylinder speaker with a seven-piece microphone array.
Fiserv entered this demonstration showcasing Alexa's voice-banking skills by connecting it to live Fiserv digital banking and payment services. Fiserv's demo video won Best Use of the Technology for showing how to use Alexa to advance money management and movement at the point of thought.
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