Payments Orchestration in the Era of Money Mobility
Though it usually receives little attention, payments orchestration is a long-standing and vital concept in payments. It involves the management and coordination of all the disparate parts of a payment from start to finish across external vendors, internal systems and financial institutions. Traditionally, this term refers to merchant acquisition or an inbound consumer payment and covers payment authorization, transaction routing and settlement. But the rise of Money Mobility and an ever-evolving digital fraud landscape has…