Managing failed transactions is crucial for maintaining a healthy payment ecosystem. Here's why you should use this template:

- Streamline operations: By having all relevant information in one place, you can easily track the status of failed transactions and take appropriate actions.

- Enhance security: Identifying and addressing suspected fraud or other payment issues promptly can help protect your business and customers.

- Improve decision-making: Analyzing the data from failed transactions can provide insights into common issues, allowing you to make informed decisions to prevent future failures.