Stripe, one of the leading online payment processors, recently released its own payments foundation model. This new model is designed to enhance security efforts while improving transaction experience and convenience. The news came at the same time as the company’s recent Tusk Summit event, which saw the company announce a wider partnership with Nvidia. The combined suite — with 125+ payments methods at last count — is intended to make it as easy as possible to pay or get paid by anyone, anywhere.
This foundation model has been trained extensively, using tens of billions of transactions to automate and optimize its algorithms. This complex method provides the model the ability to hone in on hundreds of nuanced signals tied to every single payment. As a result, Stripe has reported an impressive 64% increase in its detection rate for card-testing attacks targeting large businesses. This builds on the company’s earlier success in decreasing such fraud attacks by 80% over the last two years.
Will Gaybrick, Stripe’s president of product and business, highlighted the benefits of their new self-supervised learning model. He stated, “We have found over and over and over again in machine learning, generalized models outperform.” He further explained that agility plays a critical role in this performance, noting that it “just performs better and adapts better to changes in fraud patterns.”
Stripe has recently improved their security measures. To that end, they recently unveiled 25 new payment methods, including UPI (India) and PIX (Brazil), increasing their global footprint. This new policy is intended to better serve all LTC customers and businesses, all socio-economic classes, young and old, urban and rural.
Emily Glassberg Sands, Stripe’s head of data, stressed the importance and potential of tapping Stripe’s huge data assets. She remarked, “Previously, we couldn’t take advantage of our vast data. Now we can.” Using this data-driven approach would allow Stripe to better serve their customers quickly and efficiently while bringing more certainty into the process.
Continuing to build on its product ecosystem, Stripe Terminal now will work with other hardware—including right out of the gate with Verifone. This development allows businesses to integrate Stripe’s payment solutions with existing systems, increasing flexibility in payment processing.
Additionally, Stripe Tax has increased its global availability and is now in 102 countries. This service simplifies tax compliance for businesses operating in multiple jurisdictions, further solidifying Stripe’s position as a comprehensive payment solution provider.
In a potentially prescient play earlier this year, Stripe bought the stablecoin platform Bridge. As a result of this acquisition, the company is now well-positioned to bring stablecoin-backed, multicurrency cards to businesses of all sizes. Stripe is partnering with startups such as Ramp, Squads and Airtm. In doing so, their aim has been to enhance the utility and inclusivity of digital currency transactions.
Many of the most well-known AI companies such as Windsurf, OpenAI, Anthropic, Cursor, Perplexity, and ElevenLabs are powered by Stripe’s billing product. This level of adoption just a year after launch speaks to the platform’s reliability and effectiveness in managing complex payment processes.