Potential Spend Notification (Beta)

Let's help you predict when next your users will spend! 💰

The Potential Spend Notification (PSN) notifies you as a company when your users will spend next after a successful purchase. Using this information, you can deploy various strategies to nudge the user towards spending on your platform and not taking your revenue elsewhere.

How it works

The PSN feature uses a machine learning model applied to your users' transactions to predict when next a user will spend on that card based on previous spending patterns. After a successful prediction, you will be notified via a webhook of the predictions. Our model makes the prediction as a probability of the user's next spend falling within either of three categories. The categories include: 1. zero_class_prob : This gives a probability that the card will next spend within a week.

2. first_class_prob : This gives a probability that the card will next spend within 7-30 days. 3. second_class_prob : This gives a probability that the card will next spend after a period of 30 days.

How can you integrate

It's very simple! All you have to do is listen to the webhook below. potential_spend_notification.predicted

{
    "event": "potential_spend_notification.predicted",
    "data" : {
        "card_id":  e81a6c7952fb4a90a2f7b13aecc6f010,
        "first_class_prob":  1.56,
        "second_class_prob":  70.65,
        "zero_class_prob":  27.79,
	"issuing_app_id":  b31c7cd1-80c0-451e-845f-20e83bb1307d,
    }
}

Caveat

This feature is still in beta and we currently have an average of 60% accuracy on our predictions. We will however be shipping updates to the feature sequentially to improve the accuracy and experience for you. As such, kindly give us feedback on your preferred communication channel and we'd be glad to review it so that we ultimately make this experience as seamless as possible. Now it's time to chase down those customers for your revenue! Godspeed.