We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Visa's (V) Smarter STIP to Make Payment Processing Better
Read MoreHide Full Article
In a bid to provide better services to financial institutions, Visa Inc. (V - Free Report) will be providing Smarter Stand-in Processing (STIP), a new solution that uses real-time artificial intelligence (AI). This enhanced service will help financial institutions manage transaction authorizations when disruptions occur.
The Smarter STIP will use deep learning to study the past transaction. Based on the same, the technology will provide informed decisions to issuers whether to approve or decline transactions when their systems go offline.
This innovation will provide a better payment experience for issuers as well as customers by minimizing payment failure or blockage due to technological breakdown in the system.
The new service, which will be available in October 2020, already generated a lot of buzz from a several financial institutions around the world.
This breakthrough will minimize the downtime, which may occur either on scheduled maintenance or due to an unexpected outage. Frequent system crash and out-of-order devices can hamper the smooth functioning of financial institutions, hurting their customers’ interest in the event. Failed transactions can result in revenue loss and poor cardholder experience besides damaging the company’s reputation and even inviting scrutiny from regulators.
Smarter STIP is aimed at tackling these sticky situations and providing a seamless payment experience even when there are network connectivity glitches.
Visa’s new Smarter STIP service builds on its existing STIP capability with the addition of AI, which is smarter, stronger and more dynamic.
Uninterrupted services are most sought after these days because of the lightning speed with which customers prefer to get serviced.. Sudden power cuts or even schedule maintenance work causing an interruption of services is not acceptable to customers.
Visa proved its mettle in keeping customers and issuers at the forefront by rolling out this technology, which provides unique insights into the cardholder’s past purchasing behavior, rather than solely depending on static rules applied across an entire card portfolio. Thus, the decision provided by the Smarter STIP almost tallies with an issuer’s own decision making. This near-perfect approach looks promising enough to reduce transaction declines for cardholders by up to 50% in some cases.
Visa has been able to stay in the front line within the rapidly changing payments industry via its operational efficiency. The company invests heavily at a steady pace in optimizing its core infrastructure. This includes a scalable, high-performing, GPU-based platform, designed to support the speedy deployment of deep learning capabilities.
The stock has gained 11.9% compared with its industry’s growth of 7.4%.
Other players in the same space, namely Mastercard Inc. (MA - Free Report) has gained 17.6% while American Express Co. (AXP - Free Report) and Discover Financial Services (DFS - Free Report) have lost 20.9% and 39.2%, respectively.
The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early..
Image: Bigstock
Visa's (V) Smarter STIP to Make Payment Processing Better
In a bid to provide better services to financial institutions, Visa Inc. (V - Free Report) will be providing Smarter Stand-in Processing (STIP), a new solution that uses real-time artificial intelligence (AI). This enhanced service will help financial institutions manage transaction authorizations when disruptions occur.
The Smarter STIP will use deep learning to study the past transaction. Based on the same, the technology will provide informed decisions to issuers whether to approve or decline transactions when their systems go offline.
This innovation will provide a better payment experience for issuers as well as customers by minimizing payment failure or blockage due to technological breakdown in the system.
The new service, which will be available in October 2020, already generated a lot of buzz from a several financial institutions around the world.
This breakthrough will minimize the downtime, which may occur either on scheduled maintenance or due to an unexpected outage. Frequent system crash and out-of-order devices can hamper the smooth functioning of financial institutions, hurting their customers’ interest in the event. Failed transactions can result in revenue loss and poor cardholder experience besides damaging the company’s reputation and even inviting scrutiny from regulators.
Smarter STIP is aimed at tackling these sticky situations and providing a seamless payment experience even when there are network connectivity glitches.
Visa’s new Smarter STIP service builds on its existing STIP capability with the addition of AI, which is smarter, stronger and more dynamic.
Uninterrupted services are most sought after these days because of the lightning speed with which customers prefer to get serviced.. Sudden power cuts or even schedule maintenance work causing an interruption of services is not acceptable to customers.
Visa proved its mettle in keeping customers and issuers at the forefront by rolling out this technology, which provides unique insights into the cardholder’s past purchasing behavior, rather than solely depending on static rules applied across an entire card portfolio. Thus, the decision provided by the Smarter STIP almost tallies with an issuer’s own decision making. This near-perfect approach looks promising enough to reduce transaction declines for cardholders by up to 50% in some cases.
Visa has been able to stay in the front line within the rapidly changing payments industry via its operational efficiency. The company invests heavily at a steady pace in optimizing its core infrastructure. This includes a scalable, high-performing, GPU-based platform, designed to support the speedy deployment of deep learning capabilities.
The stock has gained 11.9% compared with its industry’s growth of 7.4%.
Other players in the same space, namely Mastercard Inc. (MA - Free Report) has gained 17.6% while American Express Co. (AXP - Free Report) and Discover Financial Services (DFS - Free Report) have lost 20.9% and 39.2%, respectively.
Visa currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
These Stocks Are Poised to Soar Past the Pandemic
The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early..
See the 5 high-tech stocks now>>