Tag: payment orchestration

The Finergizer logo towering over the claim Supercharge Your Payments

Finergizer – A New Spark in Payment Orchestration

Christoph Laurer Leave a comment

Power on, it’s alive! We are excited to announce the launch of our brand-new payment orchestration platform: Finergizer. It’s a modular set of elements that allows enterprises to run their online payment landscape and scale their payment capabilities rapidly. 

But Finergizer is not just any payment orchestrator: It’s here to empower your business. 

As an on-premise solution, Finergizer allows you to enact full control over your customers’ payment data, and also over the operations and security measures of your payment system. Finergizer provides the jolt of energy your unique business needs to process and manage transactions – domestic and cross-border. 

So, read on and get the full rundown of Finergizer and how it will make payment orchestration a breeze for your business.  

Read More
Finergizer routing a payment request to specific providers such as Adyen or Stripe

What Is Payment Orchestration (And Why Is It a Game Changer)?

Christoph Laurer Leave a comment

Payment Orchestration describes the mechanism of integrating and handling different payment service providers, acquirers and banks on a single, unified software layer. The Payment Orchestration software executes and manages the complete end-to-end payment process. That includes payment authentication, multi-PSP transaction routing, settlement, and much more. Also, Payment Orchestration encompasses processes such as risk management, secure customer data storing, Know-Your-Customer and Anti-Money-Laundering procedures, and the like. 

A Payment Orchestration Layer (POL) – sometimes also called a Payment Orchestration Platform (POP) or a Payment Orchestrator – is the technological framework that manages user and merchant accounts, acquirers, payment providers, fraud detection services, etc., initiating, validating, routing and processing transactions involving those parties. In addition, a Payment Orchestration Layer handles payment processes such as reconciliation, billing and settlement, payouts and reporting. 

A Payment Orchestration Layer (POL) is the entry point to and the heart of a payment system, streamlining payment automation. With POL, e-commerce platforms and online service providers don’t need to integrate every PSP and every acquirer separately. Instead, they can consume the unified API of the payment orchestration layer, benefiting from a reduced integration complexity. Moreover, a POL simplifies system maintenance and development for platform owners and merchants and streamlines interaction with third-party service providers. 

Read More
A picture of the "chance" square on a Monopoly board, symbolizing the opportunities of re-built payment systems

Why You Should Change Your Legacy Payment System

Christoph Laurer Leave a comment

You have a big problem with your payment system. 

At least that’s why we suppose you read this article. 

Maybe your business just started, but the payment system you integrated already struggles to meet customer expectations. Or you run an established platform, but your legacy system has grown into an inflexible and costly monolith of different providers.

If you work with a particular provider like PayPal or have integrated a variety of individual acquirers or PSPs, you cannot excess full control over your payment. For example, feature updates, security or transaction limits and fees lie outside your agency. 

However, perhaps your transaction system runs just fine, it is functional and flexible. But have you utilized its full potential yet? Have you thought about adding e-money wallet functionalities to enable P2P transactions, loyalty point systems or quick refunds? 

Whatever of the above is the case, this article is for you. It will discuss how you can turn your legacy system into a version that better suits your needs. By finding a proper payment solution provider and adding payment orchestration and e-wallet functionalities, you will be able to take back control. 

Read More