LUCERNE, Switzerland – Vendo Services, the “global innovator of AI-driven payment processing solutions with a human touch” announced today its next quarterly Merchant Conference, which is scheduled for next Thursday, June 15.

Vendo Merchant Conferences “allow online merchants to optimize their operations by learning more on the most hot-button trends, resources and innovations in payment processing,” the company said in its announcement. Delivered in an interactive format, the conferences offer industry insights of Vendo leaders and invited experts, while providing a forum to network with other business leaders.

Vendo CEO and President Mitch Platt will begin the conference with company updates on “Vendo’s most recent efforts to help merchants mitigate risk and boost revenue growth.” Next, Xisca Pericàs, director of data science at Vendo, “will analyze the current and future business implications of AI.” Pericas will be followed by Craig Savage, co-founder and head of AI and technology at FERO Payment Science, and a two-time winner of the Ekata Mastercard Innovation Award.

Vendo’s announcement describes FERO as an “AI-centric startup that helps businesses improve their conversion rates by preventing abandonment risk during the checkout process, while mitigating the risk of fraud.” Founded in 2022, FERO quickly garnered recognition as the Most Innovative Merchant Service at the Pay360 awards.

“Merchants dedicate significant resources to attract and retain visitors on their website, yet some overlook the massive impact of payment friction, which causes nearly 70% of potential customers to quit the payment process,” Savage said. “FERO clients report an average 14% revenue boost thanks to our solutions, capable of predicting cart abandonment with 95% accuracy and fraud detection with 99% accuracy.”

The event will also include updates on SEPA (“Single Euro Payments Area”) and new VISA rules from Director of Payments and Risk, Fernando Latorre, as well as information on Vendo Tools Workshop from COO Thierry Arrondo.

“Vendo is driven by two main goals: to help merchants reach their highest potential and to create raving fans,” says Platt. “Our quarterly Merchant Conferences help us advance on both fronts.”

For more information on Vendo Services, go to VendoServices.com.