Patent published on July 27, 2023

Visa Introduces Automated Cash Flow Forecasting for Merchants

Visa International Service Association recently announced a new patent that aims to help businesses forecast their cash flow. This patent promises to revolutionize the way merchants manage their payments and transactions, making cash flow forecasting easier than ever before.

Business-to-business (B2B) payment transaction management is complex, and managing both payable and receivable ends of transactions can be difficult. According to a U.S. Bank study, 82% of small and medium-sized businesses (SMBs) fail due to cash flow mismanagement. Limited resources and existing solutions contribute to the difficulty of managing cash flow.

Visa’s patent, filed under US20230237390A1, proposes a computer-implemented method, system, and computer program product for automated forecasting of cash flow. The patent describes a method to help businesses forecast cash flow by monitoring payments and transactions between the business and its customers. This data is used to determine seasonal variables, which are then used to generate a forecast.

This patent aims to solve the problem of cash flow mismanagement and will be a great asset to merchants. The automated forecasting system will help merchants have a better understanding of their cash flow, giving them more control over their finances. It will also help merchants identify seasonal trends and anticipate future cash flow, allowing them to better manage their budget and prepare for financial uncertainty.

The benefits of this patent don’t just stop there. The automated system also offers a range of features that make cash flow forecasting easier. For example, it can analyze data in real-time, providing merchants with up-to-date insights into their finances. It can also generate detailed reports and analytics that can be used to make more informed decisions about their finances.

Visa’s new patent could be a game-changer for businesses, and it is likely to be welcomed by merchants. This automated system could make managing cash flow a breeze and help merchants avoid the financial pitfalls that have caused so many SMBs to fail in the past.

Although the patent has been filed, there is no guarantee that it will come to market. However, the potential of this technology is exciting, and it could be the solution that businesses have been looking for to help them manage their cash flow. It is possible that one day, Visa’s automated cash flow forecasting system could revolutionize the way merchants manage their finances.

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