Evolution of Payments & Declines

Remember the good ol’ days of bartering? Probably not, since it hasn’t been a proper form of payment in over 5,000 years. Society shifted from bartering to using barley, then coins, and later banknotes and checks to represent value. With modern advancements in technology came plastic cards, eWallets, and other new payment methods.  While this […]

Payment Authorizations 101

Lately, we’ve been talking a lot about payment authorization failures and how they may be costing merchants up to 15% of their potential eCommerce revenue. One reason that this has ballooned into such a massive issue is that merchants aren’t getting enough insight into why customers are declined and often have little control over the […]

Overcoming Payment Authorization Failures

Ecommerce merchants lose customers for all sorts of reasons, but one of the most pressing is a reason few are aware of: payment authorization failures. About 1 in every 7 eCommerce dollars is declined during payment authorization. Riskified data also reveals that up to 72% of these orders are placed by legitimate customers who can […]

The Merchant’s Guide to Payment Decline Decisions

Payment authorization failures give merchants such a headache, costing them loyal customers and $600 billion in revenue. It’s not a problem easily solved, because merchants have only limited control over authorization decisions. The vast majority of declines are made by card issuers and payment gateways. Merchants have a difficult time understanding the root of the […]

Introducing Deco, The Only Real-Time Solution for Recovering Revenue Upon Payment Failure

Riskified, the leading fraud-prevention solutions provider, today announced the launch of the latest version of Deco, a real-time solution for recovering orders lost to card-not-present payment authorization failures. As many as one in seven attempted eCommerce transactions fail payment authorization, according to The Economist, leading to lost revenue and upset customers. Deco converts up to […]