FAQs
What is StatementAI?
1
StatementAI is an AI-powered merchant statement analysis and proposal platform built for ISOs, agents, processors, banks, and other payments professionals. It helps teams turn complex processing statements into clear pricing intelligence, savings opportunities, and merchant-facing proposals.
What does StatementAI analyze?
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StatementAI analyzes merchant processing statements to identify processing costs, pricing structures, interchange expenses, fees, savings opportunities, and other information that can help payment professionals evaluate merchant accounts.
Who is StatementAI designed for?
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StatementAI is designed for ISOs, independent agents, payment processors, banks, credit unions, sales organizations, and other companies that review merchant processing statements as part of their sales, pricing, underwriting, or portfolio management workflows.
How does AI improve merchant statement analysis?
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StatementAI combines advanced AI, OCR, data extraction, and payments-specific logic to interpret complex merchant statements faster and with less manual effort. This allows teams to focus on recommendations and sales strategy instead of manually reading statement data.
Can StatementAI analyze multiple merchant statements at once?
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Yes. StatementAI supports batch statement uploads and simultaneous processing, allowing teams to analyze multiple merchant opportunities without working through statements one at a time.
How does StatementAI generate merchant proposals?
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StatementAI turns statement analysis results and proposed pricing into polished merchant-facing proposals that clearly communicate potential savings and financial impact.
Can I customize pricing and fee categorization?
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Yes. StatementAI provides flexible controls that allow users to categorize fees and configure proposed pricing to better reflect their organization’s pricing strategy and sales approach.
How does StatementAI help with interchange optimization?
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StatementAI can help identify interchange-related opportunities, including potential downgrade recovery, enhanced-data opportunities, and other areas where transaction qualification may affect processing costs.
What happens if a statement is difficult to analyze?
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StatementAI is built to handle a wide range of statement formats and uses multiple technologies to improve extraction and completion. When data requires additional attention, the platform is designed to minimize manual intervention while giving users visibility into the analysis.
Can I use StatementAI on a mobile device?
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Yes. StatementAI features a responsive interface that allows users to access the platform, review analyses, and work with merchant opportunities from desktop, tablet, or mobile devices.
How does StatementAI protect merchant data?
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StatementAI uses encrypted connections, secure cloud infrastructure, role-based access controls, and security monitoring to help protect sensitive merchant information. Data is protected both in transit and at rest.
How do I get started?
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Getting started is simple. Reach out through our contact form or schedule a call—we’ll walk you through the next steps and answer any questions along the way.