How RivetAudit Works
RivetAudit is a deep-dive analysis of your transaction data that identifies interchange downgrade categories and quantifies recoverable savings opportunities.
The audit shows where your current transaction data is causing unnecessary processing costs, then identifies which savings opportunities can be addressed with RivetMonitor and RivetOptimize.
What RivetAudit identifies
- Interchange downgrade categories in your historical payment activity.
- The estimated amount of recoverable savings tied to those downgrade categories.
- Where RivetMonitor can help track future transaction quality and downgrade patterns.
- Where RivetOptimize can help prevent avoidable downgrades before transactions reach your processor.
Data Rivet needs
To perform an audit, Rivet needs reporting data exported from your credit card processing payment gateway or processor portal. The exact exports required depend on your processor, gateway setup, and the level of detail available in your reporting tools.
Talk to your Rivet account manager to determine which reporting data is required for your RivetAudit.
Supported report exports
We currently provide export instructions for the following sources.
| Source | Report | Documentation |
|---|---|---|
| Stripe | Interchange plan level fees report | View export steps |
| Stripe | Transaction level IC fees report | View export steps |
| Fiserv | Commerce Control Center interchange search report | View export steps |
Audit workflow
- Confirm required reports. Your Rivet account manager confirms which processor exports are needed for your audit.
- Export processor data. Pull the requested reporting data from your payment gateway or processor portal.
- Rivet analyzes downgrade patterns. Rivet reviews the transaction data to identify downgrade categories and quantify recoverable savings.
- Review savings opportunities. Rivet shows where RivetMonitor and RivetOptimize can help track or prevent future interchange leakage.