Diving Deeper

Reducing Risk, Lowering Cost in Credit Card Authorization Decisions

Case Study: A top 10 bank that processed more than seven billion credit card transactions annually became concerned about its exposure to risk when it discovered that two million of those were decisioned with incomplete information.

Having already invested heavily to create a robust authorization platform, the bank was prepared to increase its stake in technology with an additional $1.2M. After investigating the problem, Flying Phase provided the bank with a roadmap to save between $500K and $1M in fraud costs and credit-risk approvals by rebuilding the back-up decision logic found within the third-party processor. It also re-allocated the $1.2M budget earmarked for new technology to address resiliency problems that have the greatest impact on credit card authorization decisions and costs.

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Reducing Risk, Lowering Coast in Credit Card Authorization Decisions Case Study