Everyone is talking about AI and machine learning (ML)—and it’s no longer a question of “should we use it?” but rather, “how will we use it?” For companies that rely on bill payments as a lifeline, there’s never been a more crucial time to tap into the power of AI and ML to improve business outcomes.
In the PayNearMe Spotlight Series, we shine a light on the people that make our company thrive. In this month’s interview, we sat down with Jordan Gregory, DevOps Architect, to chat about his role in the company, why he loves working at PayNearMe and his life outside of work.
Increasing mainstream popularity of online betting comes with mass-market problems such as regulatory issues, scalability pains and, most notably, rising rates of fraud. What's it really costing your business?
High autopay adoption is the gold standard for ensuring high acceptance and lower delinquency rates. Yet many billers still struggle with adoption. For example, only 16% of nonprime auto borrowers are currently enrolled in autopay.
Declined payments and returns (such as chargebacks) can greatly drive up the cost of acceptance and reduce authorization rates. Try these five strategies to reduce them.