Kount Authorisation Optimisation is a payment transaction approval service that provides issuing banks with additional transaction data to support more informed authorisation decisions. How it works: - When an authorisation request is sent to an issuing bank, the bank queries Kount's database to retrieve supplementary transaction details. - The issuing bank uses this enriched data to make a final approve or decline decision. - The result is an increase in approval rates and a reduction in false positives (legitimate orders incorrectly declined). Key components: - Merchant network: Data is sourced from thousands of merchants using Kount for digital payment risk management, providing a broad dataset for risk assessments. - Issuer relationships: As part of the Equifax group, Kount maintains connections with multiple issuing banks, facilitating data sharing during the authorisation process. - Real-time data: Transaction data is processed and returned within milliseconds to avoid delays in the authorisation flow. - Machine learning models: Multiple ML models are used to filter and interpret transaction data to improve decision accuracy. The service targets merchants seeking to reduce revenue loss from declined legitimate transactions, improve customer satisfaction, and decrease chargeback rates through data-driven authorisation decisions.