Payment Transaction Trends: Credit/Debit Cards and Gateways in 2016

This article is the first in a series to provide a point of reference for online merchants, payment gateways, banks, and anyone involved with online payment solutions who want to evaluate the performance of their own metrics against payment transaction trends at Spreedly in order to make their own comparisons.     Spreedly’s ever-growing trove of data provides unique insight into the payment transaction industry. In fact, we are expecting to process 100 million transactions in 2017. […]

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Beyond rate optimizations: consider latency, decline rates and average ticket size before switching to another payment gateway

Shoresh Shafei, Justin Benson and Luke Evans A Spreedly customer, unsatisfied with the support they were receiving from their existing gateway, was considering migrating to a new provider. To make sure that the performance of the new gateway was comparable to the one already in use, they asked Spreedly to help by analyzing our data and comparing the two gateway performances. When it comes to choosing the right gateway, Spreedly is encouraging merchants to consider […]

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Is Your Payment Gateway Good Enough?

By: Shoresh, Kwasi & Justin If your company or business accepts online or mobile payments from customers, you are probably familiar with the payment gateway (sometimes referred to as Payment Service Providers outside the US). Payment gateways play a vital role in payment processing: they can store and protect your customer’s’ payment information, usually work with several (but a limited number of) currencies, submit transaction information to payment processors, and report the status of the […]

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Credit Card Decline Rate, Part 2: Payment Processing Failures vs. Currencies

Shoresh Shafei, Justin Benson With more than 100 million transactions processed across 100 gateways in 100+ currencies, Spreedly has access to a wealth of information about payment methods (credit cards, ApplePay, PayPal, etc.), transactions and gateways performance. Using this unique dataset, Spreedly is committed to using the power of data analytics to generate insights for all participants in the payment world. In our first blog post [Spreedly blog, LinkedIn, Medium], we provided a general overview […]

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Reducing credit card declines: expiration dates

Shoresh Shafei, Justin Benson & Nathaniel Talbott We are excited to start mining Spreedly’s data – we have quite a lot of it – to surface interesting insights, trends, and if possible actionable results for merchants, payment gateways, and even consumers. While perhaps not as flashy as data science at a dating company, it should be safer to read at work, and we suspect there are a lot of kindred souls that find payments data […]

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