Systems and methods for optimizing transaction authorization conversion rate

1. A method for optimizing transaction authorization conversion rates, 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.

2. The method of claim 1 , further comprising:

submitting the modified payment transaction to a financial institution for processing;

receiving a payment transaction authorization result for the submitted modified payment transaction; and

adding the received payment transaction authorization result and the parameters of the modified payment transaction to the database of payment transaction processing results.

3. The method of claim 1 , wherein the modifying one or more parameters of the payment transaction further comprises:

comparing the one or more parameters of the payment transaction to the generated authorization success factors; and

modifying the one or more parameters of the payment transaction where the generated authorization success factors indicate a greater likelihood of authorization of the payment transaction.

4. The method of claim 1 , wherein the payment transaction parameters comprise one or more of the billing address, the CVV, a payment processing network, payment vehicle expiration date, a payment vehicle issuer token, and an MCC.

5. The method of claim 4 , wherein:

a plurality of payment networks are available for submitting the modified payment transaction for processing, and

the authorization success factors indicate a likelihood of authorization of the payment transaction associated with each payment network among the plurality of payment networks.

6. The method of claim 4 , further comprising:

providing a payment vehicle issuer token.

7. 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.

8. The non-transitory computer readable medium of claim 7 , wherein the payment transaction parameters comprise one or more of the billing address, the CVV, a payment processing network, payment vehicle expiration date, a payment vehicle issuer token, and an MCC.

9. The non-transitory computer readable medium of claim 8 , wherein:

a plurality of payment networks are available for submitting the modified payment transaction for processing, and

the authorization success factors indicate a likelihood of authorization of the payment transaction associated with each payment network among the plurality of payment networks.

10. The non-transitory computer readable medium of claim 8 , wherein the method further comprises:

providing a payment vehicle issuer token.

11. 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.

12. The system of claim 11 , wherein the payment transaction parameters comprise one or more of the billing address, the CVV, a payment processing network, payment vehicle expiration date, a payment vehicle issuer token, and an MCC.

13. The system of claim 12 , wherein:

a plurality of payment networks are available for submitting the modified payment transaction for processing, and

the authorization success factors indicate a likelihood of authorization of the payment transaction associated with each payment network among the plurality of payment networks.

14. The system of claim 12 , wherein the instructions further cause the processor to:

provide a payment vehicle issuer token.