Primer to Enable dtcpay's Next-Gen Payment Solutions for Fiat and Stablecoins

Hey Payments Fanatic!

Singapore-based dtcpay has formed a partnership with global payment infrastructure provider Primer to enhance its transaction capabilities for both fiat and stablecoin payments. The collaboration aims to expand dtcpay's services in the luxury retail and hospitality sectors, including clients like the Capella Hotel Group.

Alice Liu, CEO and co-founder of dtcpay, highlighted that this partnership will help facilitate seamless transactions for merchants whose customers seek to pay through stablecoins. Kailash Madan, head of global sales at Primer, announced that dtcpay will be available on the Primer platform as a payment method, enabling merchants to collect stablecoin payments.

Dtcpay plans to expand its market presence into Europe, the Middle East, and the US, focusing on meeting the growing demand from high-net-worth individuals seeking diverse payment options through this integration with Primer's payment solutions and global network.

Keep up with the latest updates—staying informed is your greatest asset in the ever-changing world of Payments! 😉

Cheers,

Marcel

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GOLDEN NUGGET

𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐎𝐩𝐭𝐢𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 101 — the route to higher acceptance 👇

Payment optimization focuses on improving the efficiency and success rate of transactions, reducing declines, and maximizing the chances that legitimate payments go through successfully.

👉 𝐌𝐚𝐢𝐧 𝐓𝐲𝐩𝐞 𝐨𝐟 𝐍𝐞𝐭𝐰𝐨𝐫𝐤 𝐃𝐞𝐜𝐥𝐢𝐧𝐞𝐬:

► 𝐆𝐞𝐧𝐞𝐫𝐢𝐜 (Issuer Declines)

► 𝐈𝐧𝐬𝐮𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐭 𝐅𝐮𝐧𝐝𝐬

► 𝐎𝐮𝐭𝐝𝐚𝐭𝐞𝐝 𝐂𝐚𝐫𝐝 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧

► 𝐒𝐮𝐬𝐩𝐢𝐜𝐢𝐨𝐧 𝐨𝐟 𝐅𝐫𝐚𝐮𝐝

👉 𝐇𝐨𝐰 𝐭𝐨 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐀𝐮𝐭𝐡𝐨𝐫𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐑𝐚𝐭𝐞𝐬:

► 𝐒𝐮𝐛𝐦𝐢𝐭 𝐀𝐝𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐁𝐢𝐥𝐥𝐢𝐧𝐠 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧: Providing details like postal codes and CVC can help increase success rates.

► 𝐎𝐩𝐭𝐢𝐦𝐢𝐳𝐞 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐅𝐥𝐨𝐰𝐬: Balance customer experience and costs based on your specific business model.

► 𝐔𝐬𝐞 𝐒𝐦𝐚𝐫𝐭 𝐑𝐞𝐭𝐫𝐢𝐞𝐬: Retry declined payments at optimal times using machine learning models.

► 𝐄𝐧𝐚𝐛𝐥𝐞 𝐍𝐞𝐭𝐰𝐨𝐫𝐤 𝐓𝐨𝐤𝐞𝐧𝐬: Reduce declines due to outdated credentials by using network tokens.

► 𝐄𝐧𝐚𝐛𝐥𝐞 𝐂𝐚𝐫𝐝 𝐀𝐜𝐜𝐨𝐮𝐧𝐭 𝐔𝐩𝐝𝐚𝐭𝐞𝐫: Automatically update card details when customers' cards are renewed or replaced.

👉 𝐂𝐚𝐫𝐝 𝐀𝐜𝐜𝐨𝐮𝐧𝐭 𝐔𝐩𝐝𝐚𝐭𝐞𝐫:

► 𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐢𝐜 𝐔𝐩𝐝𝐚𝐭𝐞𝐬: When a customer's card is replaced (e.g., lost, stolen, expired), the updater automatically refreshes the saved card details.

► 𝐑𝐞𝐝𝐮𝐜𝐞𝐝 𝐃𝐞𝐜𝐥𝐢𝐧𝐞𝐬: Prevents transaction failures caused by outdated card information, keeping payments smooth and continuous.

► 𝐂𝐮𝐬𝐭𝐨𝐦𝐞𝐫 𝐑𝐞𝐭𝐞𝐧𝐭𝐢𝐨𝐧: Helps maintain ongoing service access for customers without requiring them to update their payment information manually.

👉 𝐍𝐞𝐭𝐰𝐨𝐫𝐤 𝐓𝐨𝐤𝐞𝐧𝐬:

Network tokens replace traditional card details with a unique, secure identifier for each transaction, issued by Card Networks (Visa, Mastercard etc...)

► 𝐓𝐨𝐤𝐞𝐧𝐢𝐳𝐞𝐝 𝐏𝐚𝐲𝐦𝐞𝐧𝐭𝐬: Network tokens are tied to a specific merchant and card pair, making them more secure than traditional PANs.

► 𝐏𝐞𝐫𝐬𝐢𝐬𝐭𝐞𝐧𝐭 𝐂𝐫𝐞𝐝𝐞𝐧𝐭𝐢𝐚𝐥𝐬: Even if a customer's card details change (e.g., card lost or expired), the token remains valid, reducing declines due to outdated information.

► 𝐄𝐧𝐡𝐚𝐧𝐜𝐞𝐝 𝐀𝐮𝐭𝐡𝐨𝐫𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐑𝐚𝐭𝐞𝐬: By ensuring that the most current credentials are always used, network tokens help boost authorization rates and reduce failed transactions.

👉 In essence, 𝐀𝐝𝐚𝐩𝐭𝐢𝐯𝐞 𝐀𝐜𝐜𝐞𝐩𝐭𝐚𝐧𝐜𝐞 or 𝐒𝐦𝐚𝐫𝐭 𝐑𝐨𝐮𝐭𝐢𝐧𝐠, based on Machine Learning (#ML), leverages these strategies to help businesses avoid lost revenue and enhance customer satisfaction. It is based on Real-Time Optimization, Dynamic Adjustments to maximize the success rates.

Those are key steps to fully optimizing your payment strategy.

Source: Stripe

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