Issuers can now set their own rules for payment approvals as Mastercard launches a customisable decisioning platform.
The company says On-Demand Decisioning (ODD) is the first solution that allows issuers to directly define decisioning criteria within the Mastercard system, helping them optimise performance and align decisions with their consumer experience strategy.
The service is designed to improve authorisation accuracy while maintaining customer experience.
At its core, ODD enables a more agile and personalised approach to transaction decisioning.
Powered by a customisable rules engine, it allows financial institutions to automate and enforce business logic and policies, delivering instant approvals and declines on their behalf.
The solution was launched at Mastercard’s global RiskX summit in Rome, where the company demonstrated its use in scenarios such as prioritising approvals for high-value cardholders and reducing declines caused by card reissuance.
Issuers can choose whether Mastercard responds automatically on their behalf or whether they want to review and adjust the decision before it reaches the merchant.
ODD will be rolled out globally by 1 October, though it will not be available in India.
“Security, flexibility, and reliability are table stakes for any digital experience. It’s important that financial institutions can meet those needs.
ODD is a great example of the ways we empower them to do just that with greater agility – it’s a game-changer for decisioning across the industry.”
said Laura Quevedo, Executive Vice President of Fraud & Decisioning Solutions at Mastercard.
Featured image: Edited by Fintech News Singapore, based on image by Soho A Studio via Freepik
