Compliance Genie, developed by Basis Theory and KapaAI, is an AI-powered tool offering instant access to payments expertise. It serves as a personal guide through the intricacies of payments regulations.
The tool is specifically optimized for addressing questions regarding payments regulations, minimizing the need for users to spend excessive time searching the web or consulting rulebooks.
Accuracy is a priority for Compliance Genie, ensuring users receive updated and precise responses based on the latest rules and regulations. However, users are encouraged to verify information from the original source due to the potential for frequent rule changes.
Transparent communication is key; if the tool lacks an answer, it will openly convey this to the user, preventing the dissemination of misleading information. Furthermore, Compliance Genie continually improves and expands its knowledge base with each user interaction, incorporating feedback and additional sources to enhance its capabilities.
Initially supporting regulations for Visa and Mastercard, Compliance Genie aims to include more regulations in the future. It prioritizes secure data storage in the PCI-compliant Basis Theory Vault, granting users control over the card collection process using their preferred payment stack.
In summary, Compliance Genie proves invaluable for individuals and businesses seeking expert insights and guidance on payments regulations. Leveraging AI technology, it delivers real-time and accurate information, enhancing compliance efforts efficiently.
