EDC is seeing a continued interest in payment orchestration from retailers and travel companies.
Payment orchestration is the process of managing and automating the payment process across multiple payment service providers, acquirers, payment gateways and payment methods. It is seen to be a critical part of any merchant's payment infrastructure, as it can help to improve efficiency, reduce costs, and increase customer satisfaction for merchant businesses operating across borders, across different brands and business units.
There are several different payment orchestration solutions available and the best payment orchestration solution for a particular merchant, retail business or travel operator will depend on several factors, including the size of the merchant's business, the types of payment methods they accept, and budget.
EDC has created a guide to provide an independent overview of payment orchestration, the different solutions available, and how to evaluate payment orchestration solutions. It will also provide information on implementation methods, what is the best approach for merchants in creating a blueprint for the best payment orchestration solutions, and everything you need to know as a merchant. This guide includes a summary of a database of Payment Orchestration Platform (POP) providers that EDC has been building and monitoring over the last few years.
Here are some other areas that are covered in the guide:
- What is payment orchestration and what are the benefits of payment orchestration.
- Different types of business that can implement payment orchestration.
- The challenges of payment orchestration.
- The future of payment orchestration.
- Examples of different merchant types who have successfully implemented payment orchestration.
We hope that this guide will be a valuable resource for merchants who are looking to optimise their payment processing.