Payment orchestration provider Praxis Tech has launched AI Smart Routing, an intelligent new feature designed to help merchants increase the success rate of their payment transactions. The solution uses real-time data and performance analytics to recommend optimal routing paths across multiple Payment Service Providers (PSPs), helping businesses get more approvals on the first try.
Traditionally, merchants rely on pre-set sequences that route failed transactions to backup providers. AI Smart Routing enhances this process by analyzing historical acceptance patterns and dynamically recommending the most effective order for PSPs based on each merchant’s unique transaction data.
“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,” said Guy Karsenti, Chief Technology Officer and Managing Partner at Praxis Tech.
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Merchants retain full control, with the ability to review and authorize routing adjustments while monitoring performance through new analytics dashboards. By reducing redundant attempts and limiting processor charges per transaction, the tool not only boosts success rates but also cuts operational costs.
The launch underscores Praxis Tech’s commitment to embedding AI capabilities across its product suite, empowering businesses to optimize payment performance with smarter, data-driven tools.