Agile Payments Minimize Credit Card Declines using the Credit Card Recurring Indicator
Recurring credit card declines: Why?
15% Payments Decline
On average, 15% of recurring credit card payments decline, with some industries exceeding 30%
30% Reissued
30% of all credit cards are reissued each year
1,500,000,000
Issued 1.5 billion EMV chip cards issued in 2015-6
5% Success Rates
5% likely success rates in obtaining new info from customer on 1st attempt after decline
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