Pagos Introduces Copilot, an AI-powered Payments Tool to Benefit Commerce Businesses of All Sizes
May 14 2024 - 9:01AM
Business Wire
New tool acts as a virtual payments assistant,
providing instant access to deep industry expertise
Pagos, a leading provider of payments optimization solutions,
today announced the launch of Pagos Copilot, an AI-powered tool for
instant payment intelligence. Commerce businesses of all sizes can
benefit from the industry knowledge and streamlined payments
analysis available via a simple conversation with Pagos
Copilot.
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the full release here:
https://www.businesswire.com/news/home/20240514787552/en/
Pagos founders Klas Back and Albert
Drouart. (Photo: Pagos)
"It’s easy for subpar performance to go unnoticed when you don’t
have a wealth of payments industry knowledge, because you don’t
necessarily know what you’re looking for,” said Klas Bäck, CEO and
co-founder of Pagos. “We designed Pagos Copilot to bridge the
knowledge gap and guide finance, product, and payments executives
to build strategic action plans informed by real-time and
historical payments data. We help them baseline their own
performance quickly, and better understand what action to take and
why to take it, and how it will positively impact their payment
costs and performance. It’s like having an informed consultant in
your chat app for planning and modeling."
Pagos Copilot is designed with an intuitive interface to deliver
comprehensive data intelligence in a digestible and understandable
format. Whether it’s defining complex payments terms, explaining
calculated payments metrics, finding opportunities to improve
performance, or providing shortcuts to in-depth analytics, Pagos
Copilot makes it possible to not only leverage payments data, but
truly understand it. Regardless of size or sophistication of a
payments organization, every team member can benefit from querying
and engaging with Pagos Copilot. Key features include:
- Payments knowledge - Ask and receive answers about how
the payments industry works, what payments terminology means, and
even what best practices to employ.
- Accessible insights - Ask probing questions about your
organization’s payments data in real-time, i.e. “What was my
approval rate last week? How has my chargeback rate changed over
the last quarter? Can you define my comprehensive costs and suggest
areas for improvement?”
- In-depth analytics via an interactive chat - Ask for
detailed summaries, graphs of your organization’s payments data
over time, or measurements for specific data segments. Specify the
level of detail desired to save time and increase productivity by
asking for what you need, instead of digging for it.
- Searchable Expertise - Search comprehensive product and
payments documentation to find quick answers to complex questions.
Pagos Copilot can link to helpful external resources to share with
and benefit your broader team.
"We purpose-built Pagos Copilot to address our customers’
biggest pain point: not knowing where to look and how to get
started,” said Albert Drouart, CPTO and co-founder of Pagos.
“Thanks to advancements in LLM technology, Pagos can combine
expertise with the customers’ own data more easily. Copilot is
helping companies get ahold of their data, visualize and understand
meaningful trends and opportunities, and build viable action plans
to make changes that can significantly reduce their payment costs
or increase their revenue. ”
Pagos Copilot is currently in a closed Beta. Contact us to
request access and learn more about Pagos Copilot.!
About Pagos
Pagos is a 2024 Fintech Innovation 50 honoree that
creates simple tools for complex data so anyone can be a payments
expert and drive improved payments performance.
Pagos powers many of the world's leading ecommerce
companies including Adobe, Eventbrite, GoFundMe, McAfee, StubHub,
Ultra Mobile, and Warner Bros. Discovery (Max) to see, monitor, and
use payments data more effectively. The results: increased revenue,
and reduced costs and do more with less resources.
Their global team spans nine countries and is backed by Arbor
Ventures, Infinity Ventures, Point72 Ventures,
Tarsadia, and Underscore VC.
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version on businesswire.com: https://www.businesswire.com/news/home/20240514787552/en/
Press Contacts: Pagos Klas Bäck press@pagos.ai