Payment Orchestration – Strategies To Turn Complexity Into Convenience
It’s fair to say that in a space of a few years, merchants’ perception of payments has evolved from being a ‘cost of doing business’ - likened to a visit to the dentist - to a strategic revenue driver that requires constant improvement and optimization. As a result, payment stacks have now become more complex. Merchants don’t hesitate to use multiple vendors to pick the best in class for each market, feature and payment methods. They also edge their risk and pit providers against each other, moving traffic in real time. This new complexity has created a new need: Payment Orchestration. Although this is probably the most talked about buzz word within the industry right now, people fail to agree on what payment orchestration exactly is and what is crucial to its success.
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