Payment Optimization

Scalable, Secure, and Configurable

Today, fraud managers are faced with the challenge of offering a seamless customer experience while processing and authenticating large volumes of payments.

Due to the exponential increase in online purchases, it has become increasingly important to safeguard every transaction. Requirements from regulators and card networks for stricter payment authentication to protect customers mean eCommerce businesses have increased pressure from all sides. Having an integrated payment and fraud risk strategy is essential.

With our payment optimization and gateway solutions, we can help you stay ahead of the pack by yielding greater conversions and a better customer experience.

SCA Optimization

Our strong customer authentication (SCA) optimization solution allows you to maximize payment conversion and prevent fraud with precise policies and controls tailored to your business’s needs. We understand the importance of providing a seamless payment experience while ensuring secure and compliant transactions.

SCA Optimization is fully customizable and offers real-time reporting and machine learning capabilities that quickly adapt to emerging fraud trends and help you ensure your business is protected at all times. We identify when and which exemption can be requested on any given transaction, enabling you to provide a frictionless checkout experience to your most genuine and loyal customers. Our platform is designed to streamline payment processing while minimizing risk, so you can focus on growing your business.

Use Cases

Exemption Management:

Stay in control of exemption processes while maintaining compliance and providing a seamless experience for customers. By leveraging intelligent workflows and comprehensive data analysis, you can effectively manage exemption requests, minimize step-up authentications, reduce manual efforts, and improve operational efficiency.

Whitelisting:

With the help of advanced algorithms and machine learning capabilities, you can establish whitelists that allow authorized entities or transactions to bypass certain security measures. By automatically identifying and approving trusted entities or transactions, this solution empowers businesses to streamline operations and reduce false positives.

PSD2 Regulations:

Our PSD2 (Payment Services Directive 2) Regulations solution helps businesses comply with regulatory requirements and ensure all transactions are secure and compliant. By implementing advanced authentication and authorization protocols, you can remain compliant in the shifting regulatory landscape, protect against fraudulent activities, and build trust with your customers.

How it works

Strong Customer Authentication is a section of Payment Services Directive 2 (PSD2) which requires 2-factor authentication, usually via 3D-Secure, on all eCommerce transactions made within the EU/UK border unless out of scope or exempt.

The SCA Optimisation product screens all your business’ transactions using real-time machine learning algorithms to determine the applicability of SCA. Transactions that are out-of-scope will be identified to remove from SCA decisioning logic, including out-of-scope regional and payment method traffic. We will then assess if an exemption can be applied to the transaction, ensuring that the best performing exemptions are recommended. This ensures that your customers don’t face unnecessary friction associated with authentication, unless mandated.

3D-Secure and Payment Optimisation – Non-SCA

3D Secure is a global protocol that Card Networks, Acquiring Banks and regulators continue to drive eCommerce traffic towards. Even where SCA regulation is not applicable, 3D-Secure and authentication can still be a headache for eCommerce merchants seeking to maximize their payment conversion rates and retain customer loyalty.

Accertify can help here too! By deploying similar principles as the SCA Optimization solution, we can help direct only traffic that really needs authentication to 3D-Secure, while maintaining frictionless, low-cost flows for your genuine customers. Without the restrictions of regulation, we can work with you to create a completely bespoke solution that achieves your desired fraud rates and payment performance.

Features & Benefits

Streamline the authentication process for your customers while ensuring your compliance with regulatory requirements. By leveraging intelligent risk assessment and advanced authentication methods, you can strike the perfect balance between security and user experience. Enjoy smoother transactions, reduced friction, and increased conversion rates, all while maintaining the highest standards of security and regulatory compliance.

Protect your organization’s reputation with confidence.

Help ensure compliance.
Identify customers at pre-authentication stage to facilitate a seamless checkout experience.
Acquire SCA exemption management and decision engine to facilitate transaction risk analysis and other key SCA exemptions.
Machine learning pre-authentication fraud screening and exception routing to optimize profit margins.
Real-time, intuitive reporting that delivers insights from every step of the customer’s journey.

Results

Accertify’s client data highlights several key strategies for improving transaction efficiency and reducing losses due to chargeback fraud. By detecting fraudulent orders upfront, businesses can avoid unnecessary costs related to authentication and authorization, thereby enhancing overall sale efficiency even as transaction volumes increase. Additionally, speeding up order processing and reducing the need for manual chargeback reviews, with fewer cases requiring additional verification, allows businesses to operate more smoothly and cost-effectively, ultimately minimizing chargeback fraud losses.

Results

Featured Case Study

Showroomprivé

Accertify helped Showroomprivé cut Account Takeover Fraud by 33%¹ , decrease Chargeback Fraud by 75%¹ and successfully transitioned to SCA regulation with risk exemption for 90%¹ of its members.