The Real Potential of Payment Orchestration
- Date:February 28, 2024
- Author(s):
- James Wester
- Craig Lancaster
- Report Details: 12 pages, 2 graphics
- Research Topic(s):
- Merchant
- PAID CONTENT
Overview
“Payment orchestration” is a term with a lot of hype and, as yet, a hard-to-pin-down definition. The space is still nascent, lacking a true leading provider and without wide adoption by merchants. This Javelin Strategy & Research report looks beneath the marketing hype to clarify the topic of payment orchestration and optimizing payments for merchants and retailers to detail how businesses can leverage payment optimization strategies to streamline operations and reduce the costs associated with accepting payments.
In the longer term, vendors face the competitive issue of being able to move beyond the basics of orchestrating payments—routing, minding matters of compliance, guarding against fraud—to define the white space that still exists in the definition. Those vendors who move most efficiently into what orchestration can become and can communicate that value to merchants stand the best chance of winning business and defining the space.
Key questions discussed in this report:
- What exactly is payment orchestration?
- How are vendors of payment orchestration approaching the market?
- What are the long-term challenges facing vendors in the space?
- How can vendors build strategies to succeed with their merchant clients?
Companies Mentioned:
ACI Worldwide, Spreedly, Visa
Learn More About This Report & Javelin
Related content
Visa and Mastercard Settle With Merchants: What Does It Mean?
The recent settlement of a class-action lawsuit pitting merchants against card networks Mastercard and Visa is attention-getting, not least of all for the $30 billion price tag. Me...
A New Era of Chargeback Management
The chargeback—a forced refund to a cardholder’s account that is initiated by the issuing bank—turns 50 years old later this year. The maneuver, legislated into existence to foster...
AI Was the Talk of NRF 2024
Artificial intelligence and its potential to transform merchant operations has been a hot topic for some time. At the National Retail Federation’s annual conference in New York in ...
Make informed decisions in a digital financial world