Pre-auth fraud mitigation is becoming increasingly more important to implement. The benefits of a pre-auth fraud strategy, such as the positive impact on issuer approvals and overall auth rates, are significant. I had the opportunity to share insights around this topic at Signifyd’s FLOW Summit event last month. #firstlineofdefense #preauth #authoptimization
Want to understand better how pre-authorization processes in payment systems can significantly impact and enhance the overall customer experience? Watch the full session on-demand at #FLOWsummit2024 to learn how to leverage pre-authorization to enhance payment security, boost customer trust, and create a seamless and efficient purchasing journey. https://lnkd.in/exszX65r Will Wyatt Sunny Thakkar
Moving fraud screening to pre-auth to increase auth rate has been quite the hot topic lately with many of the merchants I’ve spoken with.
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This whole fraud detection is up for disruption between merchant tokens, device based card being treated as card present and AI modelling. The 40-80 bps is up for grabs. Pre auth and post auth, fraud detection is going to be old way of doing business. My $0.02 :-)). I love Signifyd and companies like them. Disruption to business model is on the way. Kal Raman