Visa adds AI to offset network disruptions

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Visa is readying its platform for major disruptions by adding artificial intelligence to its neural network so legitimate card transactions will be processed normally in case of a system outage.

Stand-In Processing, a service Visa provides to banks, has been renamed Visa Smarter STIP and now includes real-time AI to approve or decline transactions in case issuers’ systems go offline, Visa said in a Wednesday press release.

The enhanced service uses deep learning to analyze each cardholder’s past purchases — versus static card network rules — to determine whether to approve or decline transactions during any scheduled maintenance, power or connection outages, the release said.

Minus effective stand-in processing, up to 50% of cardholders’ transactions could be declined during a service outage, Visa said in the release.

“Consumers expect instant and uninterrupted access to their funds — failure to meet that expectation can be costly,” said Jack Forestell, Visa’s executive vice president and chief product officer, in the release.

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Artificial intelligence Payment processing Visa
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