Pagos的动态

Stripe published a blog post in August (https://lnkd.in/ey72hN3J) highlighting how US issuers often view transactions processed with 3D Secure (3DS) as a risk signal. As a result, approval rates for transactions using 3DS tend to be lower when compared to that of non-3DS transactions. We decided to dig into the data ourselves—and with over 3 billion transaction events processed through the Pagos platform in 2024 alone, that’s quite a bit of data to play with. Looking specifically at US Visa and Mastercard credit transactions processed through three popular processors (Processors A, B, and C) and made with cards issued by the top 5 US issuing banks (Bank of America, Capital One, Citibank, JP Morgan, and Wells Fargo), we saw similar trends. Approval rates for 3DS transactions are, on average, lower than for non-3DS transactions. But there’s more to the story: the gap between 3DS and non-3DS approval rates depends heavily on both the issuing bank and the payment processor. For instance, for cards issued by JP Morgan and processed through Processors B and C, the approval rate for 3DS transactions is nearly half that of non-3DS transactions—a striking difference. This underscores the importance of tailoring fraud prevention and authentication strategies not just to regional trends, but also to the specific dynamics between issuers and processors. One-size-fits-all? Not in payments. Of course this visualization shows more than this one correlation. We also see that Processor A across the board seems to do a better job processing 3DS transactions than the other processors—another trend worth researching more. The data journey continues! #payments #paymentsdata