Mastercard Incorporated
ARTIFICIAL INTELLIGENCE BASED PRODUCT RECOMMENDATION METHODS AND SYSTEMS FOR ENHANCING APPROVALS OF PAYMENT PROCESSING REQUESTS

Abstract:

Embodiments provide methods and systems for recommending one or more authorizing components to issuers and/or merchants for enhancing approval rates of payment processing requests. Method performed by server system includes receiving a payment authorization request for a payment transaction between a cardholder and a merchant in real time. The method includes identifying payment transaction features associated with the payment transaction based, at least in part, on the payment authorization request. The method further includes predicting a combination of one or more authorizing components to be applied to the payment transaction to obtain a product recommendation strategy for the payment transaction. The combination of one or more authorizing components is predicted based, at least in part, on a trained machine learning model and the payment transaction features. The method includes transmitting the payment authorization request and the product recommendation strategy to an issuer associated with the cardholder.