The Need for Payments Orchestration | Turning your Payments Platform into a Corporate Asset
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Payments platforms are the merchant’s revenue gathering engines. They must support business growth, reduce operational costs, enhance the customer experience, and deliver information to allow data driven decisions. Unfortunately, many of these platforms, rather than being properly architected, have evolved over time, creating a fragmented and difficult to maintain collection of systems that are barely able to keep up with the marketplace demands.
As the complexities of the payment ecosystem increases, the need to orchestrate all transaction activities such as smart routing, decline retries, report aggregation, card scheme compliance, etc., in a timely and effective manner becomes a higher priority. Well architected payment platforms consolidate all the orchestration functionality in a single processing layer and deliver end-user tools to empower non-engineers to manage the platform activities. Well architected payment platforms have flexible and scalable architecture and orchestration capabilities to support the main business objectives and are never captive to functional, technological or economic limitations.
In this webinar, participants will learn what is orchestration, why consolidating these functions are critical for implementing a state-of-the-art payments platform, the options available to merchants for their implementation, and the business benefits obtained from Payments Orchestration.