Praxis Tech, a leading provider of payment orchestration solutions, has unveiled its latest innovation, AI Smart Routing, aimed at improving payment success rates for merchants globally.
The launch of AI Smart Routing comes in response to the persistent challenge businesses face in achieving higher first-time payment approvals. By tackling failed transactions and optimising how payments are routed across providers, Praxis Tech aims to deliver smarter, data-driven outcomes for its users.
Based in the payments space, Praxis Tech helps online merchants streamline and manage their global payment infrastructure through a centralised platform. The company’s orchestration technology enables seamless integration with multiple Payment Service Providers (PSPs), improving efficiency, compliance, and payment performance.
The newly released AI Smart Routing tool analyses transaction data across PSPs to recommend optimised routing sequences. By identifying which providers deliver the highest approval rates for each merchant, the tool suggests changes to the priority order in which payments are sent, increasing the likelihood of first-time approval.
This new feature stands out for its real-time responsiveness to live transaction data. Merchants receive optimisation suggestions and can choose to authorise the recommended changes to routing rules. Alongside this, the platform provides analytical tools to monitor performance and outcomes. A key benefit is cost reduction, as fewer failed attempts mean lower processor fees.
AI Smart Routing exemplifies Praxis Tech’s strategy of embedding sophisticated AI into its product suite. It offers tangible improvements in transaction success and reflects the company’s commitment to using advanced technology to drive measurable gains for its clients.
Praxis Tech CTO and managing partner Guy Karsenti said, “AI Smart Routing shows our focus on delivering innovative technology that drives better payment outcomes for merchants. By analyzing transaction patterns intelligently, we enable businesses to achieve higher first-time approvals while delivering measurable performance improvements.”
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