ServiceNow Expands Strategic Alliance With Visa
29 Janeiro 2025 - 6:06PM
Business Wire
Visa to use ServiceNow dispute management tools
to modernize its dispute value-added services
ServiceNow’s AI platform for business
transformation helps solve complex dispute issues by optimizing
contact center efficiency and accelerating employee
productivity
ServiceNow (NYSE: NOW), the AI platform for business
transformation, announced today an expansion of its strategic
alliance with Visa, a world leader in digital payments.
Visa plans to use the ServiceNow Dispute Management, Built with
Visa solution, which includes the AI capabilities of the ServiceNow
Platform, to power Visa Dispute Management Service (VDMS) and Visa
DPS Dispute Analysis and Support (DAS). Visa will use ServiceNow’s
platform to further streamline costly, lengthy payment card dispute
resolutions for clients, help issuers meet compliance requirements,
and ultimately improve the cardholder experience.
“Banks worldwide are using ServiceNow to deliver frictionless,
AI-powered customer experiences, ranging from onboarding and daily
servicing to resolving disputes,” said Vidya Balakrishnan, vice
president and general manager, Financial Services Industry,
ServiceNow. “Our AI Platform for Business Transformation is
designed to help banks expand customer relationships and drive
growth, all while cutting bottom-line costs.”
“Harnessing the advanced capabilities of ServiceNow's platform
will improve how we manage disputes for issuers," said Neil Mumm,
SVP & general manager at Visa DPS. "This engagement should
accelerate the dispute resolution process, offering an unmatched
level of service and speed to customers, building on the enhanced
risk and compliance capabilities within our global managed dispute
framework.”
Rising dispute volumes are a challenge across the financial
services industry. Visa and ServiceNow will continue to innovate to
improve the dispute resolution process and overall cardholder
experience. ServiceNow and Visa have also collaborated with
Skyflow, the security and privacy company for the modern AI data
stack, to address PCI-compliance and protection of cardholder
account data during the dispute process.
The new agreement expands on last year’s announcement of a
five-year strategic agreement between the two companies to
transform payment services and the launch of ServiceNow Dispute
Management, Built with Visa – a single, connected dispute
resolution solution for issuers.
Additional Information
- Learn how ServiceNow Dispute Management, Built with Visa, helps
create faster dispute resolution, improved compliance, and better
cardholder experiences on a single, AI-powered platform.
- Learn more about Visa Dispute Management Service, an
on-behalf-of dispute case management service, and Visa DPS Dispute
Analysis and Support.
- Learn how Skyflow’s Data Privacy Vault isolates, protects, and
governs sensitive data, and about the Skyflow privacy platform for
modern AI data stack.
About ServiceNow
ServiceNow (NYSE: NOW) is putting AI to work for people. We move
with the pace of innovation to help customers transform
organizations across every industry while upholding a trustworthy,
human centered approach to deploying our products and services at
scale. Our AI platform for business transformation connects people,
processes, data, and devices to increase productivity and maximize
business outcomes. For more information, visit:
www.servicenow.com.
© 2025 ServiceNow, Inc. All rights reserved. ServiceNow, the
ServiceNow logo, Now, and other ServiceNow marks are trademarks
and/or registered trademarks of ServiceNow, Inc. in the United
States and/or other countries. Other company names, product names,
and logos may be trademarks of the respective companies with which
they are associated.
This press release contains “forward looking statements” about
the expectations, beliefs, plans, and intentions relating to
ServiceNow expanding its strategic alliance with Visa. Such
statements include statements regarding future product capabilities
and offerings and expected benefits to ServiceNow. Forward looking
statements are subject to known and unknown risks and uncertainties
and are based on potentially inaccurate assumptions that could
cause actual results to differ materially from those expected or
implied by the forward looking statements. If any such risks or
uncertainties materialize or if any of the assumptions prove
incorrect, ServiceNow’s results could differ materially from the
results expressed or implied by the forward looking statements
made. ServiceNow undertakes no obligation, and does not intend, to
update the forward looking statements. Factors that may cause
actual results to differ materially from those in any forward
looking statements include: (i) delays and unexpected difficulties
and expenses in executing the strategic alliance or delivering the
product capabilities and offerings,(ii) changes in the regulatory
landscape related to AI and (iii) uncertainty as to whether sales
will justify the investments in the product capabilities and
offerings. Further information on factors that could affect
ServiceNow’s financial and other results is included in the filings
ServiceNow makes with the Securities and Exchange Commission from
time to time.
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version on businesswire.com: https://www.businesswire.com/news/home/20250129706456/en/
Media Contact:
Lori Cross Press@servicenow.com
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