5 Ways to Improve CX and Grow Revenue with Pre-Auth Fraud Detection
Discover the advantages of moving to a pre-auth fraud protection model
In the hyper-competitive ecommerce sector, merchants are striving to improve customer experience, conversion rates, and lifetime value. However, fraud and bank authorization declines pose a significant challenge. Merchants face a challenging balance between minimizing risk and maximizing approval rates, as allowing more good customers to successfully transact can be transformative for businesses.
By prioritizing pre-auth for fraud protection as a strategic imperative for businesses, this will enhance security, improve authorization rates, and increase revenue potential. This article outlines the 5 ways pre-authorization can help improve the overall customer experience and drive more top-line revenue.
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