“PSD2 is the biggest challenge for merchants and PSPs since Chip & Pin. Success post PSD2 will pivot on smooth payment experiences and managing exemptions. Get ready."Martin Sweeney CEO, Ravelin
PSD2 and 3DS2 explained
For online card payments this means 3D Secure, causing massive frustration to customers. 3DS Completion rates are as low as 60-90%, so your business could lose up to 40% in transaction volume.
The key to keeping acceptance high is using your customer data to maximise exemptions.
Ravelin Accept for PSD2
Flexibility to use multiple partners with one deployment
Ravelin Accept is Gateway and Acquirer agnostic, so you can use multiple Payment Gateways and Acquirers with only one software development kit (SDK).
Gain a competitive advantage over other merchants
Start preparing now for the changes ahead to gain a strategic advantage over merchants relying completely on 3DS or on issuer exemptions. Merchants that can provide frictionless experiences for as many customers as possible will gain market share in a post-PSD2 world.
Engineered to choose the optimal route to acceptance
We analyse the performance of Issuers to calculate and follow the optimal route to payment acceptance on every transaction. For example, there is the potential to gain both a frictionless flow and, by not requesting an exemption, a liability shift.
Drive efficiencies for development teams
Save time by using only one third-party SDK. Avoid app size bloat and cut down on development and release overheads. The Ravelin SDK supports 3DS versions 1 and 2 for Visa, MasterCard, American Express, DCI and JCB.
How Ravelin Accept can benefit your business
Continually adapting to improve your acceptance rates
We track all the granular details and adapt as we gain fresh insights, refining authentication requests to ensure the highest possible acceptance rates. Our highly detailed monitoring and analytics, and rich knowledge of your customer behaviour gives you a huge advantage over other merchants using basic, static techniques.
Gain insights into conversion and Issuer performance
Issuing banks have the final say on whether to grant an exemption, but some will be more prepared than others when PSD2 and 3SD2 come into effect. Ravelin Accept helps you manage the uncertainty around issuer performance with best-in-class analytics and smart, dynamic decision making to choose the best route to payment authorisation.
Make savings on development time, maintenance and complexity
Ravelin Accept is available as an entirely standalone product or as part of the Ravelin fraud detection suite. To determine the right solution for you talk to one of our experts.Get Started