Global Payments Expands Authentication Platform With Visa Data-Sharing Tool

This partnership between Global Payments and Visa is a direct win for your checkout conversion rates. When customers try to pay with credit or debit cards, many transactions are flagged as fraudulent even when they are legitimate. This is known as a 'false decline,' and it is a major silent killer of retail sales. By integrating Visa’s Intelligent Data Exchange, Global Payments can now share better data between the merchant and the bank in real-time. This ensures that the bank has enough information to approve the transaction without forcing the customer through extra security hurdles. For retailers and operators, this means fewer abandoned carts at the final stage of the sale. Digital checkouts become smoother because the system can verify the user behind the scenes. This technology is rolling out across the U.S. and Canada. If you use Global Payments as your processor, you should see a decrease in friction for your customers. Higher approval rates mean more completed sales and a better overall customer experience. You won't need to ask your customers to call their bank as often to authorize a purchase they are trying to make right now.

Source: PYMNTS

← Return to the library· Submit a correction