A lot of it has to do with all the new partnerships and alliances they are creating in an effort to continue to digitize the payment process.
Recent deals include JPMorgan Chase's (JPM) - Get Report commercial card business, a new co-brand card with L.L. Bean and an expanded relationship with PayPal (PYPL) - Get Report to include a new Venmo debit card.
AI is being in KeyBank's fraud detection services for the first time and Mastercard will offer technology and services "to build its business, capitalize on new opportunities, and transform into a client-centric, digital bank, according to the press release."
We sat down with Jess Turner, executive vice president of digital solutions and innovation, to get all the details on how these deals and AI are going to change the way we make payments.