Improving payment authorization rates means fewer payment failures, better customer experience, and less lost revenue. When you optimize how your payment gateway and payment service providers interact with issuing banks, you reduce declines from insufficient funds and other avoidable issues coming from offline and online transactions.
Close more sales with authorization optimization
Increase acceptance rates and improve the customer experience by minimizing false declines. Approve more legitimate transactions to prevent lost revenue and reduce customer churn.
How it works
Optimize approvals, increase revenue
Authorization optimization tools integrate seamlessly with your existing systems and enhance decision-making to boost approval rates and revenue.
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Authorization/information request
The issuing bank retrieves additional information about the transaction from Kount’s database once the request is received.
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Data-driven decision
The bank uses additional transaction details to make smarter payment decisions and reduce risk.
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Increased approval rates
Enhanced data leads to better decision-making by banks, resulting in less false declines.
Benefits
High risk shouldn’t mean high declines
Basic card checks aren't enough. See how a comprehensive authorization
process can safeguard your revenue and reputation.
Without Optimization
- Rely on guesswork
- Turn away actual buyers
- Lose potential revenue
- Face higher risks of fraud
- Upset loyal clients
With Optimization
- Leverage data insights
- Approve more sales
- Boost your revenue
- Make smarter decisions
- Improve customer experience
Ready to optimize your authorizations?
At TailoredPay, authorization optimization is just the start. We create a holistic payment solution for your high risk industry, considering every aspect of your business. Start with a quick application and discover how we can enhance your entire payment process.
Frequently asked questions,
answered.
Your payment gateway sends transactions to the correct payment processors and issuing banks and works alongside payment service providers to select the best route for each payment. With that logic in place, you can reduce declines, recover payments that failed initially, and avoid needless retries.
An account updater tool keeps card data current by replacing expired or updated primary account numbers so you avoid declines simply because the card changed or expired. That helps lower the number of payment failures due to outdated credentials and supports improving payment authorization rates.
When a payment is declined for insufficient funds, you can trigger a smart retry or ask the customer for another method before marking it as a failure. At the same time, you use fraud detection systems and routing rules to minimize payment fraud while still allowing legitimate payments to sail through.
Routing affects whether a payment is approved or declined within milliseconds, especially for instant payment cards or wallets like Apple Pay. By selecting the right gateway or processor and leveraging real-time logic, you improve authorization success and streamline business operations.
You employ a layered approach: fewer unnecessary checks, smart routing of transactions, account updater for PANs, and smart retry logic. That way, you reduce payment failures and false declines while maintaining security and preventing payment fraud.
Financial institutions, acquiring banks, and issuers share decline data and patterns so you can detect which issuing banks charge more declines and adjust your payment routing accordingly. That coordination between the payment gateway, the payment service providers, and the acquiring bank supports your efforts to improve payment authorization rates.