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First Data Launches AI-Powered Digital Commerce Solution
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First Data Corporation recently unveiled an artificial intelligence and machine learning powered digital commerce solution — Authorization Optimization.
The solution is exclusively designed for businesses with high volumes of digital data. It applies intelligent transaction tools such as robust rules engine and data science to enable merchants to significantly increase authorization rates for card-on-file transactions.
It facilitates merchants to perform their own analytics in a single dashboard on a variety of data types. Extensive and customized benchmarking of data in real-time assists merchants to manage operations efficiently.
Nandan Sheth, Head of Global Digital Commerce at First Data stated, “Nearly $15 billion in ecommerce revenue is missed annually, because merchants haven’t had a reliable authorization optimization strategy,” “With our new Authorization Optimization solution, we’re providing our enterprise clients with powerful back-end support, fueled by industry-leading data intelligence,” he added.
Wrapping Up
Initiatives like these seems appropriate considering the fact that companies like Visa (V - Free Report) and MasterCard (MA - Free Report) are offering products and services that compete with the company’s suite of solutions.
Notably, First Data is getting acquired by Fiserv , a transaction that is expected to be completed in the second half of this year.
Fiserv and First Data are targeting the development of complementary technology capabilities and solutions to enhance client value as well as increase market differentiation.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, wouldn't you like to know about our 10 finest buy-and-holds for the year?
From more than 4,000 companies covered by the Zacks Rank, these 10 were picked by a process that consistently beats the market. Even during 2018 while the market dropped -5.2%, our Top 10s were up well into double-digits. And during bullish 2012 – 2017, they soared far above the market's +126.3%, reaching +181.9%.
This year, the portfolio features a player that thrives on volatility, an AI comer, and a dynamic tech company that helps doctors deliver better patient outcomes at lower costs.
Image: Bigstock
First Data Launches AI-Powered Digital Commerce Solution
First Data Corporation recently unveiled an artificial intelligence and machine learning powered digital commerce solution — Authorization Optimization.
The solution is exclusively designed for businesses with high volumes of digital data. It applies intelligent transaction tools such as robust rules engine and data science to enable merchants to significantly increase authorization rates for card-on-file transactions.
It facilitates merchants to perform their own analytics in a single dashboard on a variety of data types. Extensive and customized benchmarking of data in real-time assists merchants to manage operations efficiently.
Nandan Sheth, Head of Global Digital Commerce at First Data stated, “Nearly $15 billion in ecommerce revenue is missed annually, because merchants haven’t had a reliable authorization optimization strategy,” “With our new Authorization Optimization solution, we’re providing our enterprise clients with powerful back-end support, fueled by industry-leading data intelligence,” he added.
Wrapping Up
Initiatives like these seems appropriate considering the fact that companies like Visa (V - Free Report) and MasterCard (MA - Free Report) are offering products and services that compete with the company’s suite of solutions.
Notably, First Data is getting acquired by Fiserv , a transaction that is expected to be completed in the second half of this year.
Fiserv and First Data are targeting the development of complementary technology capabilities and solutions to enhance client value as well as increase market differentiation.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, wouldn't you like to know about our 10 finest buy-and-holds for the year?
From more than 4,000 companies covered by the Zacks Rank, these 10 were picked by a process that consistently beats the market. Even during 2018 while the market dropped -5.2%, our Top 10s were up well into double-digits. And during bullish 2012 – 2017, they soared far above the market's +126.3%, reaching +181.9%.
This year, the portfolio features a player that thrives on volatility, an AI comer, and a dynamic tech company that helps doctors deliver better patient outcomes at lower costs.
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