What is Payment Orchestration Layer?
Payment Orchestration Layer Definition
In the world of online payments, the payment orchestration layer is a crucial component that powers transactions and keeps the whole system running smoothly. Put simply, it's a technological layer that helps manage the complex and varied processes involved in moving money from one place to another.
Think of it as an orchestra conductor making sure all the individual elements play their part in harmony to create a beautiful symphony. The payment orchestration layer can:
- Handle multiple payment methods
- Facilitate communication between different parties involved in a transaction
- Provide analytics and insights into payment flows
By taking care of the technical details, this layer frees up businesses to focus on delivering great products and services to their customers.