Optimize your payments
Focusing on a payments optimization strategy is key to enhancing your business operations' efficiency and effectiveness. It plays an important role in generating revenue by improving conversion and ensures a seamless customer experience.
Payment optimization enables you to:
- reduce cost by minimizing chargeback volumes and fees
- boost your acceptance rate and maintain it at a consistently high level
- measure and compare your payment performance against internal statistics
As payment optimization is a continuous process, Checkout.com provides solutions that enable you to consistently monitor and address issues related to approval rates and payment requests.
Our Intelligent Acceptance solution uses an optimization engine run on artificial intelligence models to optimize your payments and help increase your acceptance rates by automatically:
- identifying issues and recover from errors in your payment requests by adjusting the payment message to issuer preference, scheme mandates, and regulations.
- identifying the best route for each transaction, ensuring maximum acceptance
- deciding between using network token or full card details (FPAN) based on issuer preferences
- determining if the transaction requires Strong Customer Authentication (SCA) and improve the authentication request accordingly
You can also review metrics for your revenue optimized by Intelligent Acceptance.
Our Integration Health solution analyzes your payment request payloads and offers actionable insights in real time.
It can help identify missing fields, invalid fields, and formatting issues. By addressing these issues, you can improve the integrity of your payment requests, boosting your performance.
When you create a payment request, there is a minimum amount of data that you must include for the request to be valid. In the API reference, these are marked as required fields.
However, including certain optional payment and authentication data in your payment requests can help issuers to identify fraudulent transactions and reduce false declines.