Great Authorizations will customize a package to meet your needs and budget. The most attractive feature of this package is that most clients are able to achieve a huge financial impact with little or no investment in system modifications.
Our Consulting Services Package includes:
Reporting Tools & Templates – you need Daily and Monthly Reporting that give complete visibility into your credit card processing and identify opportunities. The traditional basic “Authorization Reports” provided by Acquirers are inadequate as they don’t provide key metrics needed to optimize your credit card processing.
Decline Code and Recycling Analysis – The traditional Hard and Soft Decline strategy is out-dated. Great Authorizations will help you understand exactly what declines are in each code, which card types and banks use each code, and employ a revolutionary Hybrid decline code strategy that will optimize your authorizations and reduce your declines. Typically this Analysis will result in several “Quick Wins” that will have an immediate impact.
Account Updater Review – Are you maximizing the benefits from your Account Updater? Are you receiving updates from all four major card types? How are you handling updates received from your acquirer days after the payments have been declined? There are many best practices in Account Updater implementation that are essential in reducing declines.
Best Practices Playbook and Recommendations – We will help ensure that your AutoPay removal, Customer Communication, Expiration Date handling, and many other strategies are optimized to reduce declines.