Signifyd announces ML solution for authorisation rate optimisation

Wednesday 3 June 2020 08:42 CET | News

Signifyd has revealed the launch of its Authorisation Rate Optimisation solution, a powerful tool to maximise online retailers’ conversion rates.

This solution also aims to protect retailers from authorisation-stage order declines that have become increasingly costly as fraud rings have grown in sophistication. Authorisation Rate Optimisation allows retailers to maximise revenue from online transactions by harnessing ML and data from Signifyd’s Commerce Network to weed out fraudulent orders before they are presented to payment gateways for authorisation.

The new feature protects merchants from paying authorisation fees on declined orders that never materialise, facilitates their standing with payment gateways and banks, and gives retailers maximum visibility into their authorisation rates and the ways in which Authorisation Rate Optimisation is improving those rates.

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Keywords: Signifyd, launch, machine learning, ML, autorisation, retailers, conversion rates, fraud rings, order declines, online transactions, ML, data, gateways, fees, banks, fraud
Categories: Fraud & Financial Crime
Countries: World
This article is part of category

Fraud & Financial Crime

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