The ZOOZ Instant Retry tool saves failed transactions by processing them via a pre-configured set of routing rules. The quick setup is done via the Decision Engine and can be configured according to specific error codes, country, card, etc.
The results? Businesses can optimize their acceptance rate while processing cross-border payments and salvage failed transactions.
ZOOZ customers managed to save 9.5% of failed transactions in 2020
Instant Retry, the third feature of the ZOOZ Decision Engine, is a fundamental component of client smart routing strategies. Retries are configured to salvage transactions lost to technical errors or financial declines. Configurations to mitigate technical errors are designed to accommodate 3D-Secure declines, whereas financial declines refer to issuer decline authorization requests. Through Blocking and Instant Retry, Decision Engine has been designed to furnish clients with the means to create alternative routing strategies to maximize authorization approvals.
