Here at Pagos, we've been on the edge of our seats watching the 2024 Olympics in Paris. But we're not focused on the athletic talent so much as the impressive uptick in payment processing happening in France right now! We've witnessed some incredible leaps in transaction volume, but approval rates aren't always going for the gold… In this example, we see a merchant with a MID specifically used for processing point-of-sale transactions in France. With all the American tourists in France, transaction volume made with US-issued cards increased significantly around the start of the Olympic Games and has remained high ever since. At the same time, approval rates dropped by around 15%. What can we learn from this?? If your city is hosting a large event that will absolutely bring in global tourists—be it the Olympics, the World Cup, or a Taylor Swift concert—you need to ensure you're prepared to accept popular payment methods or internationally-issued cards. If not, your ability to take advantage of the increase in transaction attempts may fall flat. Are you realizing that even if you did want to do your best to prepare for a large influx of event-related, global customers, you'd have no way of easily monitoring that transaction volume? Pagos has your back 🥇🥇🥇
Pagos
Financial Services
Wilmington, Delaware 3,023 followers
A smarter approach to payments
About us
Improve your global payments operations with holistic analytics, real-time data monitoring, and the insights and tools to optimize payments performance.
- Website
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https://pagos.ai/
External link for Pagos
- Industry
- Financial Services
- Company size
- 11-50 employees
- Headquarters
- Wilmington, Delaware
- Type
- Privately Held
- Founded
- 2021
- Specialties
- data, intelligence, analytics, business, payments, optimization, monitoring, insights, and performance
Locations
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Primary
2810 N Church St
Wilmington, Delaware 19802, US
Employees at Pagos
Updates
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As mentioned in the MRC | Merchant Risk Council's 2024 Global Payments and Fraud Report, we're seeing a rising tide of first-party misuse impacting nearly all businesses. In the first blog in a two-part series on the topic, we define the different types of first-party fraud your business is likely already experiencing and offer some tips on fighting back: https://lnkd.in/gTiwmrui
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Neobanking has grown significantly in recent years, with Statista estimating the neobank market transaction value reaching over $6 trillion (USD) by the end of 2024. With more customers using neobanks and making purchases with debit cards issued by neobanks, it's important to understand associated trends. For example, Drew Edmond posted recently about neobank cards having "abysmal approval rates," especially for businesses with subscription models. Is this what your business is seeing? How would you know? With Peacock by Pagos—our payments visualization platform—you can take your entire aggregated payments dataset, and pull out specific segments for analysis. With a couple of clicks, you can view the approval rate, AOV, chargeback rate, and more for 🌟 only the segment of customers using cards issued by neobanks🌟 . You can even view decline code breakdowns for neobank transaction declines to get a grasp on why they might be pulling down your approval rates. Contact us today to learn how Pagos can help your business!
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Where can I find opportunities to save even 1% of my overall cost of payment acceptance? In your payments data, of course! We're excited to announce a new feature of our Peacock platform: Opportunities. Check out our latest blog post to learn how you can use Opportunities to estimate real-life savings in your payment processing costs: https://lnkd.in/gT4-Bn6f
Estimating Cost Saving Opportunities | Pagos Blog
pagos.ai
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Pagos reposted this
Dwayne Gefferie had a great post earlier this week on how to reverse engineer US interchange (https://lnkd.in/ewvcZhQH). Whether you're reverse engineering interchange fee logic or simply wondering what makes up your total cost of payments acceptance, you need clean data. Pagos can do that data cleaning for you, so you can quickly visualize what percentage of your total costs come from interchange fees with zero effort. Want to see them further broken down by network? We've got that, too.
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Colin Luce interviewed our CEO and Co-founder, Klas Bäck, for an article in Forbes about the ever-increasing industry focus on payments data and the vital role of the Chief Payments Officer: “Payments, and certainly payments data, is central to almost everything a company does. Yet most executives and business unit leaders are flying blind in this regard. It’s almost like best case you have stale, isolated data living outside your existing pipelines, processes and dashboards.” Check it out and let us know what you think! https://lnkd.in/gKjBPvAi
The Rise of The Chief Payments Officer
social-www.forbes.com
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The rate of innovation over here at Pagos is staggering. Whether you're looking to see, monitor, or use payments data, we're always pushing out new product releases to fuel your payments optimization strategy. Check out all that we've accomplished in just the first half of 2024: https://lnkd.in/gq3cesRS
Pagos Product Evolution: H1 2024 Highlights and Innovations | Pagos Blog
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We're in The World’s Top Fintech Companies 2024 report! Look for us in the Payments category. https://lnkd.in/gkjczwhu We appreciate the acknowledgment from CNBC and Statista and are excited that more people are noticing what we're doing and why it matters. Ryan Browne noted that “Total transaction value in the payments market is projected to reach $11.6 trillion in 2024.” That’s a lot of opportunity for optimization, which is _exactly_ why we’re here.
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Do you want to cut down on declines while simultaneously delivering a consistently positive checkout experience for your loyal customers? You need to employ a global account updater solution, both batch and real-time, and you need it now. Good thing we've got you covered: https://lnkd.in/giNZt232
Keeping Card Data Fresh with Batch and Real-Time Account Updater Solutions | Pagos Blog
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Payment processing is not a set-it-and-forget-it kind of operation. To optimize your payments strategy, you have to stay agile and proactive—always keeping an eye on your data and any market or regulation changes. In our latest blog post, learn all about how Pagos can help you maintain a dynamic payments strategy that evolves with your business: https://lnkd.in/gYhe-a4Z
Designing and Redesigning Your Payment Processing Strategy | Pagos Blog
pagos.ai