Stripe Unveils AI Foundation Model for Payments and Expands into Stablecoins

Stripe unveils AI foundation model for payments, reveals 'deeper partnership' with Nvidia | TechCrunch

The highlights include: a new AI foundation model for payments; stablecoin-powered accounts; a new Orchestration offering, and a recent migration with chip behemoth Nvidia. Stripe's payments foundation model has been trained on tens of billions of transactions, Emily Glassberg Sands, Stripe's head of information, said. So it "captures hundreds of subtle signals about each payment" that other models would miss, she said. One use case is improved fraud detection. Stripe's previous models "gradually" reduced card testing attacks by 80% over two years. Card testing attacks are a type of fraudulent activity in which someone tries to determine whether stolen card information is valid so that they can use it to make purchases. The company claims that its new foundation model increased its detection rate for such attacks on large businesses "by 64% practically overnight." She added, "Previously, we couldn't take advantage of our vast data. Now, we can." Stripe, of course, isn't the only fintech to have built a model using AI for fraud detection. Just one example is Sardine, which describes itself as an AI risk platform for fraud, compliance, and credit underwriting, in February raised a $70 million Series C funding round led by Activant Capital. In an interview, Will Gaybrick, Stripe's president of product & business, told TechCrunch that Stripe's generalized model is via self-supervised learning, and thus discovers its own features. " We have found over and over and over again in machine learning, generalized models outperform," he said. "A big part of that is agility. It just performs better and adapts better to changes in fraud patterns. Stripe also announced on Wednesday its intent to bring stablecoin-backed, multicurrency cards to businesses by partnering with other startups like Ramp, Squads and Airtm. With such cards, businesses across multiple countries will be able to "operate in the same currency for the first time," the companies claim. The move comes just three months after Stripe completed its acquisition of stablecoin platform Bridge. With Orchestration, Stripe said it can better help businesses set up, manage, and optimize performance across multiple payment providers from its dashboard - whether or not they use Stripe as a payment processor. Stripe also used the event to name numerous AI companies that use its billing product, including Windsurf, OpenAI, Anthropic, Cursor, Perplexity, and Eleven Labs. More recently, according to Vivek Sharma, Stripe's head of revenue automation, Nvidia migrated its "entire subscriber base" to Stripe Billing in six weeks - a process that the fintech claims typically takes many months for a business to complete and marked the "fastest-ever migration to Stripe Billing." (Nvidia was already a customer of Stripe Payments). Other announcements by Stripe on Wednesday included:

Stripe Unveils Stablecoin Payment Accounts, AI Features During Annual User Event

The company processed $1.4 trillion in payments last year, up 38% over 2023. Stripe is making a renewed push into crypto and artificial intelligence, unveiling a slate of new features at its annual user event on Wednesday in San Francisco. Two major updates include the rollout of Stablecoin Financial Accounts, which will allow businesses in 101 countries to hold balances in dollar-backed stablecoins, receive funds via crypto or traditional rails, and send stablecoins globally. It also rolled out a new Payments Foundation Model, an AI system trained on tens of billions of transactions to better detect fraud and improve authorization rates. "There are not one, but two, gale-force tailwinds, well off the Beaufort scale, dramatically reshaping the economic landscape around us: AI and stablecoins," Patrick Collison, Stripe's co-founder and CEO, said in a statement. "Our job is to pull these technologies forward so businesses on Stripe can benefit from them right away." Stripe joins a growing list of major firms re-engaging with crypto, alongside companies like PayPal, Visa, and Robinhood, as institutional momentum builds and regulation coalesces around solid frameworks. Stripe is riding a wave of strong growth. In 2024, the company processed $1.4 trillion in total payment volume, up 38% from the previous year -- a figure roughly equivalent to 1.3% of global GDP. It's also on a pivot back toward crypto after it shelved earlier efforts in 2018, citing high costs and slow transaction speeds. The company has since warmed to the sector, launching a "Pay with Crypto" option in late 2024 in partnership with Paxos. Three months ago, it finalized a deal to acquire Bridge, a stablecoin payments platform, for a reported $1.1 billion. Bridge, founded by Coinbase alumni Zach Abrams and Sean Yu, previously claimed $5 billion in processed volume and counted SpaceX among its clients. Its software enables businesses to accept and manage stablecoin payments. Stripe's new stablecoin accounts will initially support USDC and USDB. Stripe also announced new multi-currency accounts, allowing businesses to hold, convert, and spend in USD, EUR, and GBP without incurring unnecessary foreign exchange fees. The move aims to simplify financial operations for multinational companies operating across borders.

Stripe announces 'world's first' AI model for payments

The fintech giants also introduced stablecoin money management capabilities, as well as a stronger partnership with Nvidia. Earlier this week, fintech giant Stripe announced a slew of new product launches, including introducing the "world's first" artificial intelligence foundation model for payments. According to the company, the AI model is trained on billions of transactions, capturing subtle signals about each payment that other specialised models cannot. By applying the new model, Stripe claims to have increased its detection rates for attacks on large businesses by 64pc "practically overnight". The new feature will be deployed across Stripe's payments suite and is set to improve performance in ways that were not possible previously, it said. The Collison brothers' founded company also launched new money management capabilities run by stablecoins - a type of cryptocurrency designed to maintain a stable value, typically by being tied to a stable asset like a fiat (government-issued) currency. Earlier last year, Stripe acquired stablecoin platform Bridge in a $1.1bn deal, marking the largest acquisition for the company and reiterating its interest in providing cryptocurrency services. The company brought back crypto payments as part of its offering after taking a six year hiatus in 2018. The new stablecoin financial accounts will be accessible to businesses in 101 countries, allowing enterprises to hold a balance in stablecoins, receive funds on both crypto and fiat rails and send stablecoins to many parts of the world. "These accounts will allow entrepreneurs in countries with volatile currencies to hedge against inflation and more easily access the global economy," it said. Last week, Bridge partnered with Visa to launch the first global bank card linked to stablecoin wallets. Now, when a customer makes a purchase, Bridge deducts the funds from their stablecoin and converts it into fiat, enabling payments in local currencies. Visa began offering cryptocurrency services back in 2021. In addition, Stripe also announced this week that chipmaker Nvidia migrated its entire subscriber base to Stripe's billing systems, while PepsiCo has expanded its partnership with the fintech to modernise payments for its offerings in the US. Don't miss out on the knowledge you need to succeed. Sign up for the Daily Brief, Silicon Republic's digest of need-to-know sci-tech news.

Stripe dives into stablecoins rolls out major AI tools

Stripe unveiled a slew of new product launches at its annual Stripe Sessions user event on Wednesday, including an AI foundation model for payments, stablecoin-powered accounts, and a new Orchestration offering. The fintech giant also revealed a deeper partnership with Nvidia, a chip behemoth that recently migrated its entire subscriber base to Stripe Billing. Stripe's payments foundation model has been trained on tens of billions of transactions, capturing hundreds of subtle signals about each payment that other models would miss, according to Emily Glassberg Sands, Stripe's head of information. One use case is improved fraud detection. The company claims that its new foundation model increased its detection rate for card-testing attacks on large businesses by 64% practically overnight. Stripe's previous models had gradually reduced card-testing attacks by 80% over two years. The new foundation model uses self-supervised learning, discovering its own features, Will Gaybrick, Stripe's president of product and business, told TechCrunch. "We have found over and over and over again in machine learning, generalized models outperform," he said. "A big part of that is agility. It just performs better and adapts better to changes in fraud patterns." Stripe is not the only fintech to have built a model using AI for fraud detection. Sardine, an AI risk platform for fraud, compliance, and credit underwriting, raised a $70 million Series C funding round in February. However, Stripe's generalized model is designed to capture subtle signals that other models might miss. In addition to the AI foundation model, Stripe announced its intent to bring stablecoin-backed, multicurrency cards to businesses by partnering with startups like Ramp, Squads, and Airtm. This move comes three months after Stripe completed its acquisition of stablecoin platform Bridge. With such cards, businesses across multiple countries will be able to operate in the same currency for the first time. Stripe also launched Orchestration, a new offering that helps businesses set up, manage, and optimize performance across multiple payment providers from its dashboard. The company used the event to name numerous AI companies that use its billing product, including Windsurf, OpenAI, Anthropic, Cursor, Perplexity, and ElevenLabs. Nvidia's migration to Stripe Billing was completed in six weeks, marking the "fastest-ever migration to Stripe Billing," according to Vivek Sharma, Stripe's head of revenue automation. Other announcements by Stripe included support for 25 new payment methods, Klarna's availability on Stripe's consumer payments product Link this summer, and the ability to use Stripe Terminal with third-party hardware. Other new features and products include Managed Payments, a merchant-of-record offering that handles global taxes, fraud prevention, dispute management, fulfillment, and more; Smart Disputes, which uses AI to automate disputes handling; and Stripe Tax, now available in 102 countries, up from 57 last year. Global Payouts allows businesses to pay out to customers, contractors, and other third parties with just an email address.

Stripe accelerates utility of AI and stablecoins with major launches

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Stripe serves the world's largest and fastest-growing companies, including half of the Fortune 100 and 78% of the Forbes AI 50. Last year, businesses on Stripe processed $1.4 trillion in total payment volume -- up 38% from 2023 and equivalent to around 1.3% of global GDP. In aggregate, the revenue that businesses process on Stripe is growing seven times faster than that of companies in the S&P 500. At its annual user event, Sessions, Stripe launched the world's first AI foundation model for payments and unveiled a major expansion of its money management capabilities, including stablecoin-powered accounts. "There are not one, but two, gale-force tailwinds, well off the Beaufort scale, dramatically reshaping the economic landscape around us: AI and stablecoins," said Patrick Collison, Stripe cofounder and CEO. "Our job is to pull these technologies forward so businesses on Stripe can benefit from them right away." Investing in AI to fuel growth for businesses Stripe has a long history of using specialized AI models, each optimized for a specific task like preventing fraud, increasing authorization rates, or personalizing the checkout experience for individual buyers. To help its users grow even faster, Stripe announced today it has built the world's first AI foundation model for payments. Stripe's Payments Foundation Model is trained on tens of billions of transactions, and captures hundreds of subtle signals about each payment that specialized models can't. It will be deployed across Stripe's payments suite to unlock additional performance improvements that were not previously possible. Early results thwarting card testing attacks demonstrate the effectiveness of the new Payments Foundation Model. With its previous models, Stripe gradually reduced card testing by 80% over two years. By applying the new foundation model, Stripe increased its detection rate for attacks on large businesses by 64% practically overnight. Reinventing global money management with stablecoins Stripe launched Stablecoin Financial Accounts, new money management capabilities powered by stablecoins, which will be accessible to businesses in 101 countries. This comes just three months after Stripe completed its acquisition of stablecoin platform Bridge. With these new accounts, businesses will be able to hold a balance in stablecoins, receive funds on both crypto and fiat rails (like ACH and SEPA), and send stablecoins almost anywhere in the world. These accounts will allow entrepreneurs in countries with volatile currencies to hedge against inflation and more easily access the global economy. Stripe will start by supporting two dollar-denominated stablecoins -- USDC and Bridge's USDB -- and plans to add others over time. Over the past year, stablecoin transaction volumes have surged over 50%. Because stablecoins make it dramatically faster and cheaper to move money internationally, many of the world's largest companies are turning to Stripe to help assemble their stablecoin strategies. But a challenge remains: making it possible to spend stablecoins at businesses that only accept fiat currencies. To solve this, last week, Bridge partnered with Visa on the first-ever global card issuing product that will make stablecoin balances as easy to spend as fiat currency. Fintechs like Ramp, Squads, and Airtm will be able to issue Visa cards linked to stablecoin wallets in dozens of countries. When a cardholder makes a purchase, Bridge deducts the funds from their stablecoin balance and converts them into fiat, enabling the merchant to get paid in their local currency as they would with any other transaction. These stablecoin cards can be used at any of the 150 million merchants around the world that accept Visa today. Curtailing the FX tax on global trade Alongside Stablecoin Financial Accounts, Stripe also announced the ability for businesses to hold and manage balances in multiple currencies -- starting with USD, EUR, and GBP -- in their existing Stripe account. A business will be able to store money in the currency in which it's received, convert between currencies, and create virtual and physical cards for each currency. Among other benefits, this new multicurrency feature will help multinational companies avoid the unnecessary FX fees they often incur moving money between countries. For example, a US-based retailer with stores in London will now be able to accept payments from British customers in GBP; hold a GBP balance in their Stripe account (alongside a separate USD balance from sales to American customers); issue cards so UK employees can buy things in GBP; and pay UK-based suppliers in GBP -- all without incurring any FX fees. These multicurrency balances will first be available for businesses in the US and the UK, before rolling out to the Eurozone later this year. "We're building programmable financial services, to make money as easy to manipulate and manage with code as data is," said Will Gaybrick, Stripe's president of product and business. "Across dozens of new launches we unveiled today, we're putting AI and stablecoins to accelerate our users' growth." Deepening partnerships with the world's largest companies Stripe already works with half of the Fortune 100 and continues to attract many of the world's largest companies. Today, Stripe announced that NVIDIA is now using Stripe Billing to power subscriptions for its cloud gaming service, GeForce Now. It typically takes many months for a business to complete a large migration, but NVIDIA migrated their entire subscriber base to Stripe Billing in just 6 weeks, making it the fastest-ever migration to Stripe Billing. PepsiCo is also expanding its partnership with Stripe to help modernize payments for restaurants, bars, and other small businesses in the US. Until recently, store managers paid for deliveries by handing paper checks to PepsiCo delivery drivers. With Stripe, PepsiCo has launched a new website and app, which allows customers to order and pay for products online. Large companies often need to process payments with multiple providers, which can be challenging: there's no unified view and no easy way to compare performance to ensure they're routing payments in the best way possible. To solve this, Stripe launched Orchestration, which helps businesses set up, manage, and optimize performance across multiple payment providers -- all from the Stripe Dashboard. "For enterprises with complex payments architecture, orchestration is essential. Being able to manage and optimize performance across payment providers in one place gives businesses a level of control and visibility that could unlock meaningful performance gains," said Jordan McKee, head of fintech research at S&P Global Market Intelligence. Upgrading the entire Stripe platform with 60+ launches In addition to applying AI and stablecoins to accelerate its users' growth, Stripe continued to expand and enhance its suite of payments, revenue, and embedded finance tools. Among the 60+ launches Stripe announced: Support for 25 new payment methods, including UPI and PIX, bringing its total to over 125 payment methods. Klarna will be available on Stripe's consumer payments product Link this summer, reducing the friction for first-time Klarna users. Stripe Terminal can now be used with third-party hardware, starting with Verifone. Managed Payments, a new merchant of record offering that gives businesses everything they need to enter new markets by taking care of global taxes, fraud prevention, dispute management, fulfillment, and more on their behalf. Smart Disputes, which uses AI to automate disputes handling, and helps companies win 13% more chargebacks. Radar support for ACH and SEPA is now available for all businesses on Stripe, and is reducing fraud rates for those payment methods by an average of 20% and 42%, respectively. Upgrades to usage-based billing, including the ability to ingest up to 100,000 events per second. Stripe Tax is now available in 102 countries, up from 57 last year, and automation of the entire tax lifecycle from monitoring and registering, to collecting and filing. New tools specifically for platforms, including enhanced fraud protection and dedicated platform dashboards. Businesses can now create fully managed credit card issuing programs for consumers on Stripe. Global Payouts, which allows businesses to pay out to customers, contractors, and other third parties with just an email address.

Stripe Launches Stablecoin Accounts and AI Model for Payments | PYMNTS.com

Stripe announced Wednesday (May 7) new product launches focused on leveraging artificial intelligence (AI) and stablecoins to support business growth. Among these, the company debuted an AI foundation model to improve fraud detection and authorization rates. Dubbed the Payments Foundation Model, it is trained on tens of billions of transactions and incorporates hundreds of "subtle signals" per payment, which it said specialized models cannot capture. The technology firm plans to deploy this model across its payments suite to improve performance in ways that were previously unattainable. Stripe stated that early results indicate the model's effectiveness, particularly against card testing attacks, where it increased detection rates beyond the 80% reduction achieved over two years with previous models. In parallel, Stripe expanded its money management offerings with the launch of Stablecoin Financial Accounts, powered by stablecoins. Businesses using these accounts can hold balances in stablecoins, receive payments via both crypto and traditional fiat rails such as ACH and SEPA, and send stablecoins to most markets globally. These accounts are designed to be accessible to businesses in 101 countries. Initially, the accounts will support stablecoins USDC and Bridge's USDB, with plans to incorporate additional currencies over time. To address the challenge of spending stablecoins at businesses that only accept fiat currency, Stripe's recently acquired stablecoin platform Bridge partnered with Visa on a global card-issuing product. This collaboration allows FinTechs to issue Visa cards linked to stablecoin wallets, enabling spending at any of the 150 million merchants worldwide that accept Visa. When a purchase occurs, Bridge facilitates the conversion of stablecoins to fiat for the merchant. Patrick Collison, Stripe co-founder and CEO, characterized AI and stablecoins as two "gale-force tailwinds" fundamentally reshaping the economy, adding, "Our job is to pull these technologies forward so businesses on Stripe can benefit from them right away." AI has been essential to Stripe's business performance in the recent past, with the company stating in its annual letter in February that the technology contributed to the firm's 38% increase in total payment volume over the course of 2024.

AI Fraud Prevention and Stablecoin Accounts: Stripe's Global Launch

Stripe Unveils AI and Stablecoin Innovations to Reshape Global Payments Stripe's latest launches in 2025 - AI-powered fraud prevention models and stablecoin financial accounts are set to transform digital payments. With AI increasing fraud detection by 64% and stablecoin accounts supporting businesses globally, Stripe is poised to help businesses thrive amidst global economic challenges. Through strategic partnerships and innovative tools, Stripe continues to lead the future of financial technology.