Optimizing Failed Payment Recovery Using AI and Machine Learning

Summary

Subscription-based businesses are facing increased challenges from failed payments as payment authorization systems try to manage fraud losses from cybercrime and reactions to the continuing growth in card-not-present transactions accelerated by COVID-19 pandemic. Learn how AI and machine learning algorithms’ unique ability to deploy individualized strategies to optimize failed payment recovery make them uniquely suited to this problem compared to customer service, dunning, or rules-based recovery solutions. Attendees will also learn the best practices for programming AI and ML algorithms to optimize performance, and why all AI and ML systems are not created equally.

Darryl Hicks Headshot

Speaker Bio

DARRYL HICKS – CEO FlexPay

Darryl est un entrepreneur en série et un expert en technologie qui connaît le succès depuis plus de 20 ans. Il a réussi à se retirer de deux de ses anciennes entreprises (en 2006 et 2011). Pionnier dans le domaine des ventes sans présentation de carte, Darryl possède une vaste expérience dans la création et la gestion d'entreprises de marketing direct en ligne et hors ligne à la pointe de la technologie.