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PayPal to pilot new AI-powered updates, including a cash-back feature and ‘Smart Receipts’
PayPal announced today that it will begin piloting a few new upcoming updates to its service, some of which will leverage AI-driven personalization.
PayPal plans to launch CashPass in March with a handful of partners, including Best Buy, eBay, Priceline, Ticketmaster, Uber, Walmart and McDonald’s. The company is also launching a new “Fastlane” service that offers a new one-click guest checkout experience that will allow users to make quick purchases on merchant websites that use PayPal’s platform. PayPal notes that standard guest checkout experiences are slow, and require users to update their credit card information and shipping address.
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