An analytics dashboard developed by Spreedly and Shopify tracks and rates online payments gateways based on their processing speed and rate of declined transactions.
The companies use data from their combined transaction volumes to populate the Gateway Index. The data is presented in multiple formats and can help gateways see how their processing performance compares to their peers.
In addition, merchants can use the data to compare themselves to other users of their existing gateway or evaluate new payments gateway vendors, Spreedly CEO Justin Benson said during a demonstration of the technology at the FinovateFall conference, ongoing this week in New York.
"For specific customers we can get really granular about their transaction details," Benson said.
The initial launch of the dashboard uses data culled from the month of August, about 100,000 transactions, which Benson said will be regularly updated. While many merchants compare payments gateways based on the fees they charge, Benson said gateways that have lower false-positive rates for declined transactions can help merchants avoid losing consumer purchases.
Shopify develops e-commerce websites for merchants. Spreedly provides third-party commerce tools like Shopify's online storefronts, taxi hailing mobile apps and restaurant ordering platforms with preconfigured integrations to online payments gateways and merchant acquirers. Spreedly also provides those vendors with a cloud vault for consumer credit card data. The commerce tools can use Spreedly's integrations to onboard new merchant clients without having to build custom integrations with merchants' existing payments processor.