Systems and methods for optimizing transaction authorization conversion rate

A non-transitory computer readable medium storing a program causing a computer to execute a method of optimizing transaction authorization conversion rates, the method comprising:

• receiving, at an acquirer processor, a payment transaction from a merchant device;
• and
• modifying one or more parameters of the payment transaction according to authorization success factors generated from a database of payment transaction processing results,
• wherein the authorization success factors include an absence of one or more of a billing address, a card verification value (CVV), and a payment vehicle expiration date, or
• wherein the merchant device is associated with a plurality of merchant classification codes (MCCs), and the authorization success factors indicate a likelihood of authorization of the payment transaction associated with each MCC among the plurality of MCCs.

A computing system for optimizing transaction authorization conversion rates, the computing system comprising a non-transitory computer readable medium having instructions stored thereon which when executed by a processor cause the processor to:

• receive, at an acquirer processor, a payment transaction from a merchant device;
• and
• modify one or more parameters of the payment transaction according to authorization success factors for generated from a database of payment transaction processing results,
• wherein the authorization success factors include an absence of one or more of a billing address, a card verification value (CVV), and a payment vehicle expiration date, or
• wherein the merchant device is associated with a plurality of merchant classification codes (MCCs), and the authorization success factors indicate a likelihood of authorization of the payment transaction associated with each MCC among the plurality of MCCs.