Your November Edition of Open Payments Insights

Welcome to the November edition of the Spreedly Newsletter.?

NEW Now Available: Recover?

Spreedly’s Recover solution is now available. Recover, previously known as Smart Routing, is our latest solution to strategically optimize the performance of transactions to improve reliability, increase success, and recover lost revenue. Functionally, Recover enables you to:

• Prevent lost transactions due to outage by creating an automatic failover?
• Strategically retry transactions at a secondary gateway based on decline codes (soft declines) to boost success rates
• Reduce payment latency associated with retry processes built in house?
• Limit risk of A+B testing of new gateways?

On average, 7.9% of failed transactions, when retried on a secondary gateway, immediately following a failure on the initial gateway, are successful. Spreedly customers have an average success rate uplift of .76% when using Recover.?

Please reach out here to schedule a time to speak with us more about recover!?

News Update: Spreedly and Forter Expand Partnership

By combining industry-leading fraud prevention and transaction optimization from Forter with Spreedly’s open payments platform, this partnership will drive higher authorization rates, enhance customer experiences and provide actionable insights for merchants.?

The collaboration will drive significant benefits for joint customers of Spreedly and Forter, including:?

• A Single, Unified Solution: Unified insights into transaction performance and fraud trends through combined analytics from Spreedly and Forter – giving businesses full visibility into their fraud and payment workflows.?
• Improved Conversions: Minimize customer payment friction and boost bank authorizations to drive higher conversions.
• Higher Risk Approval Rates: AI-driven authentication identifies the best moments to apply 3DS, increasing risk approvals, shifting chargeback liability, and minimizing customer friction?
• Compliance with PSD2: Strategically apply authentication exemptions to minimize customer friction while maintaining regulatory compliance.?
• Network Tokenization: Intelligent application of network tokens at the right time and right place for improved authorization performance.

BLOX Digital Expands Use of Open Payments Platform from Spreedly

BLOX Digital, the news industry’s premier digital publishing and content management platform, announced an expanded collaboration with Spreedly that builds on the success of their existing relationship. To date, results include a decrease of up to 50% in new customer churn for news sites using BLOX Digital’s suite of solutions.

“The results speak for themselves. In addition to offering even more value to the over 2,000 news sites we support, we have also seen a marked 50% decrease in customer churn customers using Premium Credit Card Management,” commented Bridget Sibthorp-Moecker, Director of Audience at BLOX Digital. She added, “With our ongoing technology investments, we are creating an even greater customer experience. Our ongoing partnership with Spreedly is just one example of our commitment to delivering the best tools for our customers. With this expanded integration, we can offer even more seamless and secure payment experiences, helping our clients maximize their revenue and improve customer satisfaction.”

Latest Payments Orchestration News

PYMNTS published "How Open Payments Boost Performance." The article describes how open payment platforms have become a necessity for merchants and aggregators by providing easy payment connectivity. This edition explores how open payment platforms also uniquely enhance payments’ performance.

“Three Things You Need to Know About Open Payments” was published by the editorial team at PYMNTS and details the three things every business owner needs to know about open payments connectivity to enable fast and seamless transactions for their customers.

Industry Insights

Explore the newest insights from our latest blog posts, case studies, and guides:

• Harmonizing Revenue Through Orchestration: A Case Study (Spreedly and US Trans Corp discuss payment orchestration at PaymentsEd)
• Defining eCommerce Fraud & How It Has Evolved
• Best-of-Breed Payment Stacks Require Open Payments

NEW eLearning Sessions

If you missed our eLearning session on the decision of building in-house versus investing in a ready-made payments orchestration solution, it's not too late! You can still view the recording of our deep dive webinar, "Deciding Your Fate: Should You Build or Buy Your Orchestration Solution?" Here’s what you’ll discover in the recording:

• Strategic Deep Dive: Explore the decision-making process involved in choosing between custom-built or off-the-shelf payments solutions.
• Cost Insights & Compliance Nuances: Understand the economic implications and regulatory considerations that affect your choice.
• Voices of Experience: Hear from industry experts sharing their firsthand build vs. buy experiences in payments orchestration.

Click Here to View the Recording – Equip yourself with the crucial insights needed to navigate this significant decision.

On-the-Go

Thank you to everyone who came out to meet with us at the Money20/20 event in Las Vegas. We loved seeing everyone in person!

Please let us know if you will be attending an upcoming event. We’d welcome the opportunity to connect with you in person.

The Spreedly Team