Home > News > Vendo Releases New AI-Powered Risk Tool • Bookmark   • Newsletters   • Register Search Options


Vendo Releases New AI-Powered Risk Tool

Vendo Releases New AI-Powered Risk Tool
Get XBIZ News
Oct 11, 2016 6:00 AM PDT    Text size: 

BARCELONA — IPSP payment processor Vendo today released its new artificial intelligence-powered risk tool.

The tool has been in the works for more than three years and is now being rolled out to Vendo's partners.

With the implementation of the new Visa rules this past summer, this tool could not have come at a better time, said Thierry Arrondo, Vendo's managing director.

"When we started researching the possibility of developing this AI powered risk tool we could not have foreseen how timely it would be to our partners. AI is the future of billing and we are happy we are on the forefront of this movement,” Arrondo said.

The AI risk management tool uses machine learning to better detect fraudulent transactions, he said. The tool uses massive amounts of data to train the AI to better spot which transactions to block and which to accept.

The use of AI tools is beneficial to the entire industry but Vendo knows it is a hard concept to understand, said Debora Xavier of Vendo's marketing department.

"When I was introduced to the new AI powered risk tool I was impressed by the concept, but I had tons of questions as to how the system works,” Xavier said. “Especially on how it uses the information that is fed into it. It works by programming itself to identify patterns. In other words, it learns.

“We’re used to humans doing all of the programming,” she said. “But the old risk tools scrub too hard because they aren’t that smart so they err on the side of safety. Identifying risky transactions is very complex. That’s exactly why we need machine learning to do it.”

Vendo is planning future events to introduce the industry to this new tool and how it works. For more information, email partner@vendoservices.com.


More ways to get XBIZ News:  RSS Feeds  |  E-Newsletters  |  Desktop Widget  |  Mobile
Looking for porn star news and behind-the-scene videos? Check out XFANZ.com !


Camming Issue: An Evolving Business

One of the most visual examples of the growing maturity and success of today’s live webcam industry is found in the emergence of professional cam studios. These facilities evolved from simple locations... More »

Camming Issue: Models vs. Affiliates

One of the most contentious conversations among cam models today involves affiliate promotions that include unauthorized photos or videos of the models. This isn’t a matter of a model’s, network’s,... More »

Camming Issue: Profits on Rise for Performers

It’s been 20 years since JenniCam rocked the infant internet with the first adult-oriented live cam shows, revealing the intimate details of this groundbreaking cam performer’s daily life —... More »
Stay informed of the latest industry developments. Get XBIZ newsletters delivered to your inbox. Subscribe today!
Enter email address:

* To manage existing subscriptions click here.

Submit your press release to
multiple news outlets with 1 click.
Subscribe to RSS news feeds or
add free content to your website.
Access XBIZ news and articles
with your mobile device.
Subscribe to XBIZ Premiere magazine, the industry's leading adult retail trade publications, delivering the most timely and comprehensive business news and information to producers and retailers of adult products.


XBIZ 2017

Jan 09 - Jan 13
Hollywood, CA

XBIZ Awards 2017

Jan 12 - Jan 12
Los Angeles, CA

ANME Founders Show

Jan 14 - Jan 15
Los Angeles Marriott Burbank Airport

Everything To Do With Sex Show

Jan 20 - Jan 22
Montréal, Québec
Everyday thousands of business professionals browse XBIZ's industry directory for quality products and services. Not listed yet? Your company could be losing potential new business. Submit your company today!
Use XBIZ RSS feeds to stay informed of the latest industry developments or as a content syndication tool for your website!