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.
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.
PayNearMe is excited to announce that Cash App Pay is available as a payment option for billers. Learn how accepting Cash App Pay drives choice and flexibility for all consumers.