Question: Is there a payment platform that uses AI and ML to optimize payment success rates and reduce costs?

If you're looking for a payment platform that uses AI and ML to optimize payment success rates and lower costs, Inai is definitely worth a look. It comes with a range of tools, including Optimize for detailed analysis, Orchestrate for integration with multiple payment services, Reconcile for end-to-end payment reconciliation, and Alerts for monitoring unusual payment activity. The idea is to boost authorization rates, improve checkout experiences and lower payment failure rates, and it's geared for e-commerce, subscription and platform businesses.

Another contender is ProcessOut. It's a payment analytics and routing service that lets businesses easily route payments from one payment provider to another based on AI-driven routing decisions. Its tools include Dynamic Checkout, Vault for storing payment data securely, and Ops Suite for centralized payment data management. ProcessOut is cloud-native and has enterprise-level security, so it should scale well for businesses trying to improve their payment infrastructure.

If you want to fight fraud while trying to optimize payments, Forter has a more powerful Identity Intelligence platform. It includes fraud management, payment optimization and chargeback recovery services, all powered by AI and ML. Forter has lowered chargeback rates and false declines, it says, and offers businesses real-time trust assessments to maximize customer lifetime value.

Last, ACI Worldwide has a broad range of payment services, including fraud management powered by AI. Its services include acquiring, enterprise payments, real-time payments and other services, and it handles billions of transactions each year. ACI Worldwide says its services help businesses lower risk, increase revenue and improve customer satisfaction with digital payment processing and fraud management.