Approval Rates and Fraud:
Backed by Vizion
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.