Stripe announced the debut of its new AI foundation model for payments at its annual Sessions conference, unveiling significant upgrades to its platform. The AI model, trained on billions of transaction data points, enhances fraud detection, improving large user card-testing prevention rates from 59% to 97%. Over 60 product updates were revealed, including Orchestration for managing multiple processors, and a revamped Optimized Checkout Suite with personalized features, support for more than 125 payment methods, and easy Klarna integration.
Other AI advancements include Authorization Boost for higher transaction success rates and the forthcoming Smart Disputes automation tool. Stripe's expanded stablecoin integration features Stablecoin Financial Accounts, enabling users in over 100 countries to hold, send, and receive stablecoin balances via fiat or crypto.
The company also plans a USDC-denominated Visa card, facilitating real-time crypto spending. Additional enhancements to embedded finance and issuing give businesses more flexibility with global payouts, complex rules, and consumer credit support. Stripe's updates reinforce its role as a key financial infrastructure provider for internet businesses.