• FMG Tech Forum Workshop Spotlights ‘Payment Authorization Failures'

    5 days ago - By WWD

    As e-commerce sales continue to grow, so do payment authorization failures, which is when financial service providers flag a customer's online order. That means the order has to be manually reviewed, which makes approval rates plummet - along with sales.
    Just how big an issue is this? According to Riskified, $600 billion is locked up as a result of this process. But the company offers automated technology that not only increases approval rates but decreases chargebacks as well.
    Next week, the firm is presenting a workshop at the FMG Tech Forum to share insights about this costly issue for...
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