FinTech Magazine March 2024 | Page 79

NUVEI
There ’ s also smart routing , an enabler of improved transaction success rates and minimised fraud risk .
Leveraging ever-changing , innovative analytics , Nuvei guarantees the most efficient routing is in place for every transaction , enhancing approval rates and securing operations .
For the payments that don ’ t get through there ’ s intelligent retry : solving the issues causing transaction declines and low conversion rates .
“ We can enhance this with some advanced and user-friendly features ,” says Miller . “ Whether it ’ s simplified verification , decline recovery , bank cascading , there are lots of different things we can do .

“ We work with merchants on every step of the process to share insights and best practice from across all industries ”

LAURA MILLER CHIEF REVENUE OFFICER AND
GLOBAL HEAD OF ECOMMERCE , NUVEI
“ But again , these are all going to depend on who the consumer is , the industry and the types of transactions that are flowing through .”
Last but not least is monitoring control , covering real-time data access and smart reporting which , when utilised , enable clients to enhance their revenue opportunities .
“ They can have processing comparisons , case management , all the way through to helping them identify opportunities to increase revenue and reduce lost sales ,” Miller goes on . fintechmagazine . com 79