Praxis Tech Unleashes PIX Cascading Feature for Merchants
Praxis Tech has recently unveiled a groundbreaking feature known as PIX Cascading, specifically designed to enhance payment processing capabilities for merchants operating in Brazil. This innovative technology is the first of its kind in the payment orchestration sector, making it easier than ever for businesses of all sizes to efficiently handle payments. With the growing adoption of PIX, Brazil's instant payment system, this feature marks a significant milestone for Praxis Tech as it strives to elevate transaction success rates.
Significant Boost in Transaction Success Rates
The PIX Cascading feature dramatically improves the likelihood of payment approvals for merchants connected to the Praxis Platform. How does it work? The system utilizes a single endpoint that enables the generation of a PIX QR code from multiple payment providers. If the first attempt is unsuccessful, the service seamlessly moves to the next provider, ensuring that merchants maximize their revenue potential. This is particularly beneficial in high-risk industries, where transaction declines can be prevalent.
Advancements in Payment Technology
Guy Karsenti, the Chief Technology Officer at Praxis Tech, highlights the importance of this new feature for Brazilian businesses. According to him, maximizing transaction approvals enhances revenue potential while simultaneously improving the overall customer experience during deposits. With the PIX Cascading feature, merchants can expect higher satisfaction rates from their customers due to smoother payment processes.
Comprehensive Decline Recovery Solutions
PIX Cascading is just one of the many features offered as part of Praxis Tech's comprehensive Decline Recovery suite. This suite is engineered to support merchants by providing an array of tools aimed at improving payment approval and conversion rates. Among these tools are options to enhance global currency support during checkout, the innovative 3DS Cascading feature that ensures verification continuity when re-routing card payments, and advanced retry mechanisms for cases of insufficient funds. Additionally, the recently launched Retry with APM feature encourages customers to choose alternative payment methods when their first attempts fail.
About Praxis Tech
Praxis Tech has established itself as a leader in payment orchestration. Its Payment Orchestration Platform allows enterprise merchants around the globe to optimize their payment processes. By providing access to over 600 pre-integrated payment service providers and a multitude of payment methods, Praxis Tech ensures that businesses can support a wide variety of transactions in multiple currencies. Their robust solutions for PCI DSS tokenization, fraud management, and checkout enhancements demonstrate a commitment to improving payment performance consistently for businesses.
Contact Information
For more details about the PIX Cascading feature or other inquiries related to Praxis Tech, interested parties can reach out to Maria Evangelou, who is available to provide further information. You may contact her via phone at +35725312086.
Frequently Asked Questions
What is the PIX Cascading feature?
PIX Cascading is a solution that enables merchants to automatically request a PIX QR code from multiple payment providers, improving transaction approval rates.
Who can benefit from the PIX Cascading feature?
Merchants of all sizes, particularly those in high-risk industries like iGaming and retail trading, can benefit from this feature.
How does the feature improve payment approvals?
It allows for automatic retries with different providers if the initial request fails, increasing the chances of successful transactions.
What other features does Praxis Tech offer?
Praxis Tech offers a range of features including global currency support, 3DS Cascading, decline recovery tools, and the Retry with APM feature.
How can I contact Praxis Tech for more information?
You can contact Maria Evangelou directly at +35725312086 for inquiries related to the company's services and features.
