Despite the relentless, gloomy economic news (NYT tells me this morning the US lost a staggering 533,000 jobs in November alone), our OLS.Switch acquiring customers are seeing upsurges in transaction volume as we head towards Christmas 2008. We have one customer who typically (in a “normal” week) crosses the 1,000,000/txn/day threshold only on Friday (and the occasional Saturday). But this week we had a Monday – Friday stretch that looked like this:
A closer look at December 5, 2008 is here. I made the following observations to our client:
- Resolution of a SIGIS/IIAS issue (i.e., getting on the Card Associations’ SIGIS-approved list) has lifted the FSA approval rates from approx. 67% (statistics from a previous analysis) to approx. 82%. [See red figures.]
- There’s still some confusion at the point-of-sale between the FSA and TV Converter Coupon concepts (two initiatives rolled out at the same time). [See blue figures.]
- There’s a couple of random FSA transactions being run with card brands other than Visa and MasterCard (I see AMEX, Discover and Private Label occurrences). Though those aren’t officially supported, we know this is a reality that these things can happen, so our TransactionManager implementations have to play “prevent defense” to defend the SAF and other sensitive areas.
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