Payment orchestration
Payment orchestration refers to the strategic management and optimization of various payment methods, providers, and channels within a unified framework. It involves dynamically selecting the most suitable payment methods and providers based on factors such as transaction type, customer preferences, and regional considerations.
Payment orchestration platforms streamline the integration of multiple payment services, providing merchants with flexibility and adaptability in the rapidly evolving landscape of electronic payments. By orchestrating payments, businesses can enhance transaction success rates, optimize costs, and improve the overall customer experience.
Payment orchestration is particularly relevant in environments, where customers interact through various touchpoints. Payment orchestration ensures a cohesive payment process that aligns with both business needs and customer expectations.
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