GoCardless Unveils Revolutionary AI Tool for Swift and Reliable Same-Day Payments

Bank payment provider GoCardless has launched Same Day Settlement+, a revolutionary feature designed to transform Direct Debit transactions. Utilizing advanced machine learning algorithms and transaction data from over 38 million accounts, this tool reduces payout times significantly, cutting late payment failures by over 80%. On average, more than 96% of payments can now be settled on the same day, streamlining the traditional two-day BACS process and alleviating common industry pain points. According to surveys, 58% of merchants believe that same-day settlement enhances their business, providing quicker access to funds and better cash flow management. Additionally, 85% agree that earlier payments strengthen ties with customers and suppliers. Currently, Same Day Settlement+ is available to select GoCardless users, allowing the system to fine-tune its predictive models. This feature solidifies GoCardless’s status as a leading bank payment provider, setting a new benchmark for efficient payment collection.

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