Payments
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Payments Failures
Predicting payment failures using AI² (AI square) algorithms involves leveraging advanced machine learning techniques to analyze various factors associated with payment behavior and identify potential root causes of payment failures.
The Problem
Challenged to decrease Payment Failures:
- Number of payments: 38,693
- Failed Payments: 22.47% (8,963 failed payments)
- Successful Payments: 77.53% (30,000 successful payments)
The Solution
Decrease Payment Failures with AI:
- Target Payment Failures: 17.98%
The Impact
Initial Decrease from current levels:
- 20% or 1,793 extra reductions in payment failures.
- AI Accuracy: 100%
