Approval Rates and Fraud
Merchants that maximize approval rates, while minimizing fraud,
can increase their sales and gain an advantage over their competitors.
1 in 5 declined transactions is made by a genuine customer with sufficient means to pay: a “false decline”. When these customers are declined, over 50% will take their business to a competitor.
Many merchants believe that these poor approval rates are caused by their own internal set up, and that their suppliers are unable to help reduce false declines. This is rarely the case.
Using our unique proprietary software and vast pools of data, CMSPI can independently benchmark your current approval and fraud rates to highlight areas for improvement in your supply chain. By engaging with your suppliers, we can support you to fully realize these potential benefits – ensuring your sales are maximized and your customers have a positive experience.
Vizion is an independent payments analytics dashboard, offering tangible, measurable, and verifiable insights into merchant’s payments arrangements. Vizion highlights millions of dollars worth of opportunity for merchants across the globe, and is instrumental in driving additional revenue and optimizing costs for many of the world’s largest merchants.
Our interactive charts and tables enable you to view trends at a macro level; conduct a deep-dive analysis into stores, regions, and payment types; and export your data at your desired degree of granularity.
We know you are often operating on razor thin margins in highly competitive markets and that your payments arrangements can often be viewed as a burden. Getting your arrangements right is time-consuming and can be resource-intensive for internal teams, but with the right insight and visibility you could drive additional revenue, decrease your costs, and optimize your processes. Our team of independent experts, powered by Vizion, can help.