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Nov 9, 2022
Chanan Lavi CEO and Co-Founder of Kipp, discusses the main challenges and key solutions around minimising fraud and optimising payment authorisation.
“Credit card issuers don’t usually have enough data to make the best choice when accepting/declining a charge. They are typically conservative in protecting themselves and so when faced with a ‘grey area’ where the risk isn’t clear, they reject more than they need to. Obviously, no one can easily eliminate fraud or customers trying to use a card with insufficient funds. However, if card issuers better recognise when the risk is not quite as high as it seems, more transactions could be successfully cleared”.
Read the interview on Paypers magazine to see how challenges faced by merchants and issuers are resolved!