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Payment Routing & Optimization
Terms
- What is payment orchestration?
- Payment orchestration acts as a unified conductor for complex payment ecosystems, seamlessly managing multiple gateways, methods, and currencies while enhancing security and compliance across global transactions.
- What is payment routing?
- Payment routing is the process of directing transactions through the most optimal payment processor or gateway based on factors like cost, speed, and risk to maximize approval rates and minimize processing delays.
- What is transaction routing?
- Transaction routing intelligently directs payments through the optimal processor or gateway based on factors like success rates, costs, and compliance requirements to maximize approval rates and minimize fees.