Payments Orchestration

Definition ∞ Payments orchestration refers to the strategic management and routing of payment transactions across multiple gateways, processors, and methods. This system optimizes transaction flows, reduces costs, and enhances success rates by intelligently directing payments based on various criteria. It simplifies complex payment infrastructures for businesses, especially those operating globally or accepting diverse payment types. For digital assets, it facilitates seamless integration of crypto payments alongside traditional options.
Context ∞ Payments orchestration is becoming increasingly important for businesses navigating the fragmented landscape of traditional and digital payment methods. Discussions focus on improving efficiency, reducing fraud, and enhancing the customer payment experience. News often reports on new platforms offering comprehensive payment orchestration services, especially those supporting cryptocurrency payments, and their impact on global commerce.