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What is payment orchestration?
Author:
Date: 26 Oct 2022
Date: 26 Oct 2022
Payment orchestration is a software solution providing a centralised hub for processing payments. The result is a faster, more seamless payment experience for customers and helps to increase online conversions for merchants.
Here are the Top 5 benefits:
1. Increased efficiencies.
Merchants can offer their customers a variety of payment options and simplify the back-end process.
2. Increased revenue.
A more seamless payment experience can increase online sales. Value-added services like buy now, pay later and stored cards can also be included, which can improve conversion rates.
3. Reduced costs.
Automating the payment process can reduce operational costs.
4. Improved visibility.
A payment orchestration platform provides merchants with real-time data analytics including customer behaviour, payment trends as well as fraud activity helping to identify new business opportunities.
5. Decreased compliance burden.
Payment orchestrator platforms use the latest security technologies to protect customer data and ensure compliance with industry regulations.
Here are the Top 5 benefits:
1. Increased efficiencies.
Merchants can offer their customers a variety of payment options and simplify the back-end process.
2. Increased revenue.
A more seamless payment experience can increase online sales. Value-added services like buy now, pay later and stored cards can also be included, which can improve conversion rates.
3. Reduced costs.
Automating the payment process can reduce operational costs.
4. Improved visibility.
A payment orchestration platform provides merchants with real-time data analytics including customer behaviour, payment trends as well as fraud activity helping to identify new business opportunities.
5. Decreased compliance burden.
Payment orchestrator platforms use the latest security technologies to protect customer data and ensure compliance with industry regulations.