How Payment Orchestration Is Revolutionising the Ecommerce Payments
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In the world of Ecommerce, payment processing and choice in service providers and payment infrastructure plays a pivotal role at check-out. Nowadays with all the players involved in the payments flow and the increase of tools managing different transactions, this can quickly become expensive and difficult to manage and integrate. Moreover, managing numerous payment platforms or methods forces the merchants to relocate precious investments in this activity with a toll on efficiency.
In this speech we discuss the role of payment orchestration and how it is possible for merchants to not only have access to a number of different service payment service providers (PSPs) and methods, but to effectively manage payments and automatically redirect transactions to the most performing PSP for that specific transaction, saving on fees, resources, while increasing the overall authorization rate.