Molecular electronics has been proposed as a pathway for high-density nanoelectronic devices. This pathway involves the development of a molecular memory device based on reversible switching of a molecule between two conducting states in response to a trigger, such as an applied voltage. Here we demonstrate that voltage-triggered switching is indeed a molecular phenomenon by carrying out studies on the same molecule using three different experimental configurations-scanning tunnelling microscopy, crossed-wire junction, and magnetic-bead junction. We also demonstrate that voltage-triggered switching is distinctly different from stochastic switching, essentially a transient (time-dependent) phenomenon that is independent of the applied voltage.