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The past, present, and future of AI, with Stripe

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Manage episode 474897095 series 3585666
Content provided by Patrick McKenzie. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Patrick McKenzie or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Patrick McKenzie (patio11) is joined by Emily Sands, Head of Information at Stripe, to discuss how they leverage AI to process over $1.4 trillion annually, while navigating the complex web of merchants, banks, and payment rails that facilitate online commerce. Patrick and Emily cover how Stripe’s layered stack of AI combats sophisticated card testing attacks, recovers billions in once-lost revenue through intelligent retry strategies, and enables new businesses to compete with established players through powerful network effects. They also talk about the meteoric rise of AI companies, and how agent-assisted commerce is beginning to transform online shopping through controlled financial rails.

Full transcript available here:
www.complexsystemspodcast.com/the-past-present-and-future-of-ai-with-stripe/


Sponsor: Vanta

Vanta automates security compliance and builds trust, helping companies streamline ISO, SOC 2, and AI framework certifications. Learn more at https://vanta.com/complex

Recommended in this episode:

Timestamps:

(00:00) Intro

(01:21) Stripe's role in financial infrastructure

(02:20) AI and ML at Stripe

(07:36) Understanding payment processing

(15:06) The evolution of fraud detection

(19:22) Advanced fraud detection techniques

(22:55) Sponsor: Vanta

(24:14) Advanced fraud detection techniques (part 2)

(34:53) Card testing and fraud prevention

(45:29) Adaptive acceptance and future of payments

(46:35) Optimizing payment systems with AI

(47:13) Understanding ISO messages and credit card protocols

(48:37) The importance of semantically neutral changes

(51:22) Stripe's enhanced issuer network

(56:00) Handling chargebacks and friendly fraud

(01:04:55) Personalizing the checkout experience

(01:16:44) The meteoric rise of AI startups

(01:26:05) Agent-assisted commerce

(01:32:58) Wrap

  continue reading

42 episodes

Artwork
iconShare
 
Manage episode 474897095 series 3585666
Content provided by Patrick McKenzie. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Patrick McKenzie or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Patrick McKenzie (patio11) is joined by Emily Sands, Head of Information at Stripe, to discuss how they leverage AI to process over $1.4 trillion annually, while navigating the complex web of merchants, banks, and payment rails that facilitate online commerce. Patrick and Emily cover how Stripe’s layered stack of AI combats sophisticated card testing attacks, recovers billions in once-lost revenue through intelligent retry strategies, and enables new businesses to compete with established players through powerful network effects. They also talk about the meteoric rise of AI companies, and how agent-assisted commerce is beginning to transform online shopping through controlled financial rails.

Full transcript available here:
www.complexsystemspodcast.com/the-past-present-and-future-of-ai-with-stripe/


Sponsor: Vanta

Vanta automates security compliance and builds trust, helping companies streamline ISO, SOC 2, and AI framework certifications. Learn more at https://vanta.com/complex

Recommended in this episode:

Timestamps:

(00:00) Intro

(01:21) Stripe's role in financial infrastructure

(02:20) AI and ML at Stripe

(07:36) Understanding payment processing

(15:06) The evolution of fraud detection

(19:22) Advanced fraud detection techniques

(22:55) Sponsor: Vanta

(24:14) Advanced fraud detection techniques (part 2)

(34:53) Card testing and fraud prevention

(45:29) Adaptive acceptance and future of payments

(46:35) Optimizing payment systems with AI

(47:13) Understanding ISO messages and credit card protocols

(48:37) The importance of semantically neutral changes

(51:22) Stripe's enhanced issuer network

(56:00) Handling chargebacks and friendly fraud

(01:04:55) Personalizing the checkout experience

(01:16:44) The meteoric rise of AI startups

(01:26:05) Agent-assisted commerce

(01:32:58) Wrap

  continue reading

42 episodes

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