The centralized management and routing of diverse payment methods and gateways through a single platform or system, streamlining the processing of financial transactions.
Mechanism
An orchestration layer integrates various payment service providers, fraud detection tools, and compliance checks. It intelligently routes transactions based on factors like cost, success rates, and geographic reach to optimize efficiency.
Methodology
This approach optimizes payment processing by reducing operational complexity, enhancing conversion rates, and improving risk management through unified reporting and configurable routing logic. This streamlines financial operations for businesses operating globally and handling varied payment streams.
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