Mastercard launches On-Demand Decisioning tool
Mastercard has introduced its new On-Demand Decisioning (ODD) tool, designed to give financial institutions greater control over transaction authorizations. This launch represents a significant advancement in real-time decision capabilities. It allows banks and issuers to align payment outcomes with their customer experience strategies.
Customizable Rules Engine
The ODD tool features a customizable rules engine that enables financial institutions to set and enforce their own decision-making logic directly on the Mastercard network. Consequently, issuers can instantly approve or decline transactions based on customized rules. These rules can reflect their risk tolerance, customer policies, or specific business needs.
By embedding business logic at the network level, ODD helps financial institutions streamline operations and improve fraud prevention. The solution enhances flexibility while reducing dependence on static rules or third-party intervention. Furthermore, it gives issuers direct control over decision criteria in real time.
Industry Significance and Benefits
Laura Quevedo, Executive Vice President of Fraud and Decisioning Solutions at Mastercard, emphasized the importance of agility in today’s payments environment. “Security, flexibility, and reliability are essential for any digital experience,” she stated. “It’s crucial that financial institutions can meet these requirements. ODD empowers them to achieve this with greater agility—it’s a game-changer for decisioning across our industry.”
The new ODD tool reflects Mastercard’s ongoing commitment to providing advanced fraud detection and authorization technologies. It aims to reduce friction for consumers while strengthening trust in digital payments. As real-time payments and instant approvals become standard, Mastercard’s innovation positions ODD as a critical enabler for next-generation financial services.
This development ultimately supports more secure and seamless transaction experiences for both financial institutions and their customers. The technology represents an important step in the evolution of payment processing systems, addressing the growing need for flexibility and security in an increasingly digital financial landscape. Financial institutions can now better balance risk management with customer experience requirements through this innovative solution.
