LexisNexis Risk Solution’s global study delivers a snapshot of cross-border Account-to-Account (A2A) payments performance and outlines the cost and operational impacts of failed payments. Find out how fast payment solutions, such as payment processing APIs, are helping payments teams realize higher straight-through processing rates and add greater strategic value.

Key takeaways from this study:

• 26% is the average global straight-through processing (STP) rate for cross-border payments
• 70% of study respondents are not satisfied with their payment failure rate
• 47% say broken or failed payments have a severe impact on customer retention
• 49% of study respondents say broken or failed payments have a severe impact on cost to the business