Delivering on the Promise of Improved Success Rates: Smart Routing and Payment Provider Agnostic Network Tokenization

False declines are estimated to cost companies well in excess of a quarter of a trillion dollars each year, creating an enormous opportunity for merchants to capture some of that revenue. In this presentation, Spreedly defines the concept of transaction success rates and highlights the adverse impact poor rates can have on customer lifetime value. Types of preventable false declines are reviewed next, along with ideas on how to enhance success rates. Advantages of multi-provider setups are then presented, concluding with an overview of tokenization and its potential benefits.

Note that this presentation is also available as a webinar. To view the webinar, click here.