Stamp of Approval
How banks and merchants are mitigating false declines
In this free report from 451 Research, you’ll learn:
- The negative impact that false declines have for both banks and merchants
- How to increase revenue, improve customer experience and grow customer loyalty
- How Forter Trusted Authorization enables merchants to share data with banks to improve decision accuracy
- Results from merchants and banks using Forter Trusted Authorization, including a 50% reduction in false declines
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Transform the relationship between banks and merchants with trust
False Declines
A CX and Revenue Challenge
An astounding 90% of transactions that are declined by card issuers for suspected fraud are actually good transactions, creating a customer experience and revenue challenge for both card-issuing banks and online merchants. In fact, 30% of consumers say a false decline significantly influences whether they will shop with a preferred brand or retailer
The Result
Forter Trusted Authorization
Forter Trusted Authorization is completely transforming the relationship between banks and merchants, resulting in increased level of trust based on deeper intelligence about the authenticity of transactions and a reduction in false declines by up to 50%.
"Forter Trusted Authorization creates a unique intelligence channel between merchants and card issuers to help mitigate false declines."
Jordan McKee
Principal Research Analyst, 451 Research
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