False declines are a serious problem for financial institutions and their cardholders. Authorization Lift from Fiserv helps financial institutions to balance fraud mitigation with the efficient experiences consumers expect.
Authorization Lift leverages new technologies and financially focused analytics to reduce false declines while increasing profitability and portfolio growth. Enhanced authentication and authorization strategies are used in combination with intelligent cardholder notifications to put the focus on revenue growth and consumer satisfaction.
Improved Consumer Experience
Top of Wallet/Brand Reputation
Maximizes Portfolio Profitability
Eases Fraud Loss Burden
Protects Customer Lifetime Value
Losses that occur as a result of false declines are projected to reach $443B in the U.S. by 2021.
Source: "The E-Commerce Conundrum: Balancing False Declines and Fraud Prevention," Aite Group, July 2019
increase in point-of sale transactions per cardholder year over year
increase in active card usage with Authorization Lift helping to manage false declines
growth in transaction spend, interchange revenue and transaction count with the credit union’s portfolio health continuing to grow
Note: These rates relate to a specific portfolio within the Authorization Lift proof of concept phase. Individual results may differ.