Latest news with #IntelligentAcceptance
TECHx
24-03-2025
- Business
- TECHx
Checkout.com's AI Engine Drives $10 Billion Surge in Merchant Revenue - TECHx Media Checkout.com's AI Engine Boosts Merchant Revenue by $10 Billion
AI Engine Drives $10 Billion Surge in Merchant Revenue News Desk - Share a global digital payments company, announced that its AI-driven Intelligent Acceptance product has generated over $10 billion in additional merchant revenue. The engine optimizes payment performance for enterprise businesses. Powered by 20 billion+ data points, Intelligent Acceptance enhances payments through optimizations in messaging, routing, authentication, credential lifecycle, and retries. The AI engine learns in real time. Every successful optimization is instantly available to all merchants. This improves acceptance rates, reduces costs, and unlocks revenue. Launched in June 2023, Intelligent Acceptance reached $5 billion in additional revenue within 15 months. In six months, it doubled this figure. It now generates $1 billion every 35 days for global brands like Vinted, Papa Johns, and Delivery Hero. With over 60 million real-time optimizations daily, increased merchant acceptance rates by 3.8% last year. This reflects the platform's ability to improve payment outcomes consistently. Rapid Growth in MENA experienced rapid growth in MENA. Digital payment volumes surged by 658% between 2020 and 2023. This growth reflects the region's fast adoption of digital commerce and rising consumer preference for online shopping. 'Doubling merchant revenue at seven times last year's speed shows our network's growing power,' said Daniel Linder, Senior Product Director at 'Our algorithms learn from billions of data points. Every transaction strengthens the network and improves performance.' focus on product innovation earned it recognition as a Strong Performer in The Forrester Wave™: Merchant Payment Providers Q1 2024. The company scored 5 out of 5 in payment performance optimization. 'Building a global payments infrastructure is complex,' Linder added. 'We aim to close the acceptance rate gap and ensure no revenue is left on the table.' Enhancing Digital Experiences Brands partnering with benefit from Intelligent Acceptance. Modestas Tursa, VP of Payments at Vinted, highlighted its impact. 'Delivering exceptional digital experiences is our mission. Our partnership with helps us achieve that.' Intelligent Acceptance drives payment optimization and significant revenue growth for businesses worldwide.
Web Release
24-03-2025
- Business
- Web Release
Checkout.com surpasses $10 billion in revenue unlocked for enterprise merchants using AI-powered boost
a leading global digital payments company, has announced that its Intelligent Acceptance product, an AI-powered engine designed to help enterprise businesses boost their payment performance, has generated over $10 billion in additional merchant revenue. Powered by over 20 billion data points and insights from global network, Intelligent Acceptance applies numerous optimizations at every step of the payment process (e.g., messaging, routing, authentication, credential lifecycle, and retries). With AI-powered engine learning in real-time, every successful payment optimization is instantly available to all merchants using Intelligent Acceptance, meaning everyone benefits from the power of the network to improve acceptance rates, lower costs, and unlock revenue. The product generated $5 billion in additional merchant revenue just 15 months after launching in June 2023. Six months after achieving that milestone, Intelligent Acceptance has now surpassed $10 billion in merchant revenue, generating $1 billion every 35 days for global brands such as Vinted, Papa Johns, and Delivery Hero. With over 60 million real-time optimizations performed across the payment flow each day, increased merchant acceptance rates by an average of 3.8% last year. In MENA specifically, has seen unprecedented growth in the region's digital payment volumes. total processing value witnessed a staggering 658% surge between 2020 and 2023, serving as a testament to the region's accelerated adoption of digital commerce which continues to see a deepening consumer preference for online shopping. 'Doubling the amount of revenue generated for merchants at seven times the speed of last year shows the growing power of our network,' comments Daniel Linder, Senior Product Director at 'With algorithms trained on billions of data points from entire merchant portfolio, every transaction processed by our customers strengthens the network.' With the majority of company resources invested in product and technology to deliver the highest acceptance rates for merchants, was recognized as a Strong Performer in The Forrester Wave™: Merchant Payment Providers Q1 2024 report , receiving a 5 out of 5 score in the payment performance optimization criterion. 'Building a global payments infrastructure is increasingly complex, especially with rising regulatory demands and evolving fraud tactics,' adds Linder. 'For merchants, this complexity can widen the acceptance rate gap—sometimes by 10–15% compared to in-person transactions—costing businesses billions in lost revenue. Our focus is on closing that gap, optimizing every transaction to ensure no revenue is left on the table.' 'Delivering exceptional digital experiences is core to our mission of making second-hand first choice, and our partnership with has been instrumental in helping us achieve that,' comments Modestas Tursa, VP of Payments at Vinted.
Zawya
24-03-2025
- Business
- Zawya
Checkout.com surpasses $10bln in revenue unlocked for enterprise merchants using AI-powered boost
The product averaged 60 million real-time optimizations each day in 2024, increasing merchant acceptance rates by an average of 3.8%. Enterprise brands including Vinted, Papa Johns, and Delivery Hero are among those benefiting. MIDDLE EAST: a leading global digital payments company, has announced that its Intelligent Acceptance product, an AI-powered engine designed to help enterprise businesses boost their payment performance, has generated over $10 billion in additional merchant revenue. Powered by over 20 billion data points and insights from global network, Intelligent Acceptance applies numerous optimizations at every step of the payment process (e.g., messaging, routing, authentication, credential lifecycle, and retries). With AI-powered engine learning in real-time, every successful payment optimization is instantly available to all merchants using Intelligent Acceptance, meaning everyone benefits from the power of the network to improve acceptance rates, lower costs, and unlock revenue. The product generated $5 billion in additional merchant revenue just 15 months after launching in June 2023. Six months after achieving that milestone, Intelligent Acceptance has now surpassed $10 billion in merchant revenue, generating $1 billion every 35 days for global brands such as Vinted, Papa Johns, and Delivery Hero. With over 60 million real-time optimizations performed across the payment flow each day, increased merchant acceptance rates by an average of 3.8% last year. In MENA specifically, has seen unprecedented growth in the region's digital payment volumes. total processing value witnessed a staggering 658% surge between 2020 and 2023, serving as a testament to the region's accelerated adoption of digital commerce which continues to see a deepening consumer preference for online shopping. 'Doubling the amount of revenue generated for merchants at seven times the speed of last year shows the growing power of our network,' comments Daniel Linder, Senior Product Director at 'With algorithms trained on billions of data points from entire merchant portfolio, every transaction processed by our customers strengthens the network.' With the majority of company resources invested in product and technology to deliver the highest acceptance rates for merchants, was recognized as a Strong Performer in The Forrester Wave™: Merchant Payment Providers Q1 2024 report, receiving a 5 out of 5 score in the payment performance optimization criterion. "Building a global payments infrastructure is increasingly complex, especially with rising regulatory demands and evolving fraud tactics," adds Linder. 'For merchants, this complexity can widen the acceptance rate gap—sometimes by 10–15% compared to in-person transactions—costing businesses billions in lost revenue. Our focus is on closing that gap, optimizing every transaction to ensure no revenue is left on the table." 'Delivering exceptional digital experiences is core to our mission of making second-hand first choice, and our partnership with has been instrumental in helping us achieve that,' comments Modestas Tursa, VP of Payments at Vinted. About processes payments for thousands of companies that shape the digital economy. Our global digital payments network supports over 145 currencies and delivers high-performance payment solutions across the world, processing billions of transactions annually. With flexible and scalable technology, we help enterprise merchants boost acceptance rates, reduce processing costs, combat fraud, and turn payments into a major revenue driver. Headquartered in London and with 19 offices worldwide, is trusted by leading brands such as Sony, Sainsbury's, Wise, Patreon, GE Healthcare, Rail Europe, and The Financial Times.
