CPC G06Q 20/409 (2013.01) [G06Q 20/4018 (2013.01)] | 14 Claims |
1. A method for optimizing transaction authorization conversion rates, comprising:
receiving, at an acquirer processor, a payment transaction from a merchant device; and
modifying one or more parameters of the payment transaction according to authorization success factors generated from a database of payment transaction processing results,
wherein the authorization success factors include an absence of one or more of a billing address, a card verification value (CVV), and a payment vehicle expiration date, or
wherein the merchant device is associated with a plurality of merchant classification codes (MCCs), and the authorization success factors indicate a likelihood of authorization of the payment transaction associated with each MCC among the plurality of MCCs.
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