Global fintech leader Stripe has unveiled a suite of groundbreaking products at its annual user event, aiming to redefine digital payments and business operations worldwide.
One of the standout announcements is a new AI foundation model tailored for payment processing. This model has been trained on tens of billions of transactions, allowing it to detect subtle patterns and signals in payments that traditional systems often overlook. A major application of this is fraud detection. According to the company, previous AI tools had already reduced fraudulent card-testing activities by 80% over two years. The new model, however, has pushed detection rates even higher by 64% overnight for large enterprises.
“Until now, we weren’t fully leveraging our data. That’s changed,” said Emily Glassberg Sands, Head of Information at Stripe.
Stripe’s new model is built using self-supervised learning, which allows it to identify its own features and improve performance over time. This agility enables it to adapt quickly to evolving fraud tactics, offering businesses an edge in safeguarding their financial transactions.
In another major development, Stripe introduced stablecoin-backed, multicurrency payment cards in partnership with several global firms. These cards are designed to help businesses across different countries operate seamlessly in a unified currency—offering consistency, especially in regions with volatile exchange rates. This initiative comes shortly after Stripe’s acquisition of a stablecoin platform, signaling a strong push into digital currency-based solutions.
The company also launched “Orchestration” a powerful tool that lets businesses manage and optimize multiple payment providers directly from Stripe’s dashboard, regardless of whether they use Stripe as their main processor. This is expected to streamline operations for enterprises handling diverse payment systems.
A number of emerging AI-driven companies are now using Stripe’s billing services, and a recent milestone involved a leading global tech firm migrating its entire subscriber base to Stripe Billing within just six weeks—a process that typically takes several months.
Additional announcements from Stripe include:
- Support for 25 new payment methods, including India’s UPI, expanding the platform’s total to over 125 options.
- New integration with Klarna, a popular payment service, available through Stripe’s consumer payments platform later this year.
- Enhanced compatibility of Stripe Terminal with third-party hardware, starting with Verifone devices.
- Managed Payments, a new merchant-of-record solution that handles global taxes, fraud prevention, dispute resolution, fulfillment, and more.
- Smart Disputes, an AI-powered tool to streamline and automate the dispute resolution process.
- Stripe Tax, now available in 102 countries up from 57 with full automation from registration to filing.
- Global Payouts, enabling businesses to pay customers and contractors using just an email address.
With these updates, Stripe continues its mission to simplify complex financial processes, enhance fraud protection, and enable global growth for businesses of all sizes.
