提高发卡机构授权率的路线图

A Roadmap toImproving Issuer It can often seem as though merchants haveno control over issuer authorization decisions. But here's the good news: your team can influenceissuer decisions to significantly increase authorizationrates and grow revenue by sharing data with issuers The Challenge Maximizing authorization rates is particularly difficultfor merchants because each issuer has its ownpreferences for factors like authentication, transactiondata, and tokenization. The exact same transaction sent Many merchants outsource the decisions that caninfluence issuer authorization, such as when to shareadditional data, to payment processors who lack therich customer profiles and historical insight needed to This makes it impossible for merchants to keep up,resulting in lower authorization rates and lost revenue. Roadmap to ImprovingIssuer Authorization Rates Gather The Data The first step to improving authorization rates isunderstanding why issuers are declining your transactions.By identifying the real reasons for declines, you can take Request the raw network or issuer decline codes fromyour payment processor or gateway. Be sure to obtain theraw data rather than aggregated codes, as this provides a Find Opportunities Analyze which decline codes are causing the largestheadaches and assess the options available to improve Fraud Declines If you discover fraud-related declines are achallenge, considersharing additional datawith issuers.Issuers often make authorizationdecisions based on limited information, whichcan result in high false decline rates for Expired Card/Invalid CardNumber Declines If you are seeing declines due to expiredor invalid card numbers, it’s worth lookingatnetwork token and account updatersolutions.These solutions update thenetwork token or card number, respectively, Merchants should consider sharing more datawith issuers to help them to make more accuratefraud decisions. Today, many merchants use Insufficient Funds Declines Although there is little recourse for insufficient fund declinesfor customer-initiated transactions, many merchants have successretrying payments for merchant-initiated transactions.As customers move money into their bank account, a merchantmay have more success on a subsequent attempt. Finding the Processor Error Especially for merchants with a multiprocessor environment, if you areseeing declines due to processor error, this is an opportunity to refine yourprocessor routing to retry these transactions with a different processoror payload.By simply adjusting the route you send the transaction, you can Prioritize Consider which declines result in the most significant revenueleakage, and assess the cost of implementing a solution. For many merchants, one of the most efficient ways to increaseauthorization rates is to simply share more data with theissuers. Depending on the issuer, even a 1% decrease in frauddeclines can drive significant revenue for your business. Merchants have a significant opportunity to boost their issuerauthorization rates to drive growth and revenue for theirbusinesses. By leveraging data analytics and optimizing payment As the digital payments landscape evolves, investing in thesestrategies will ensure smoother transactions and positionmerchants as trusted, customer-centric leaders in their industries,