The Paypers - Payments Orchestration Reshaping Merchant Payments

Posted by Modo on Sep 23, 2021 11:00:00 AM

The world has changed how we use payments technology. Can payments technology change the world? ModoPayments CEO, Bruce Parker, recently sat down Merchants face ever-expanding complexity for managing payments across geographies, channels, and use cases. Merchants want the ability to quickly adapt their payment infrastructure to embrace growth while delivering robust customer experiences. In parallel, payments technology is shifting into the cloud and opening and embedding into broader API ecosystems. As a result of both merchant demands and modern technical possibilities, a new model of payment services – orchestration, is thriving. As illustrated in Figure 1, payments orchestration introduces a many-to-many technical mindset with a product designed to ease the burden and increase the flexibility for merchants needing broad connectivity, rich data, and transaction flexibility. We explore below the rise of payments orchestration and discuss examples of orchestration providers and use cases.