Use of AI in payments industry is set to explode

Payment processors are making wider use of AI technologies as part of an effort to make better use of their vast troves of data and connect more directly with customers.

Artificial intelligence has long been used in banking and credit card systems to detect and spot fraudulent activity. Now, AI is making its way into other areas of the payments and financial services industries. AI in payments industry is helping enhance customer service, provide hyperpersonalized credit scores and offers, and drive new forms of transactions like stores with no cashiers.

Read the Original Article