Payments have historically been thought of as a ‘cost of doing business’ among merchants. However, creating a differentiated payments strategy is fast becoming a key business priority, with the highest performing merchants now making payments a core area of focus.
One in five merchants say that their current payment acceptance infrastructure has become a significant inhibitor to the growth of their business. This paper provides a model for understanding why transactions fail, and offers strategies and technology solutions that can help businesses drive growth, elevate customer experience, and decrease costs.
In this new report from 451 Research, you will learn:
How to build a business case by tying Payments to three strategic business priorities
A new model for identifying and tracking why transactions fail
How to achieve double-digit increases in approval and conversion rates