What is Payment Orchestration and do you need It?

The digital payment ecosystem is complex, especially for airlines. Several factors are at play: consumers are continuously discovering and embracing new ways to pay for goods and services, while airlines typically have high volumes of cross-border transactions that require multiple acquirers and routing rules.

Airlines must also reconcile their current payment needs with legacy payment systems that rely on sluggish third-party payment service providers (PSPs) to execute a payment strategy. If that isn't enough, there's an ever-expanding network of global payment regulations to navigate and the ever-present risk of fraud.

All of these moving parts must work in harmony. That is where the importance of Payment Orchestration comes in.

The convergence of disparate systems and areas of their business gives airlines a comprehensive view of their payment architecture. It significantly reduces the time to market for rolling out new payment methods, as integrating a new method of payment (AMOP) no longer requires a redesign of an airline's entire payment ecosystem. And it’s also a crucial benefit as travellers in different markets have different payment preferences. Meeting customers' expectations in each region allows airlines to boost conversions and reduce abandoned transactions due to payment friction, or lack of available payment method.

What Payment Orchestration also gives airlines is greater control and visibility into their payment ecosystem. It simplifies and modernises legacy payment systems and facilitates a truly omnichannel approach to payments. The right Payment Orchestration platform can reduce the total cost of ownership to the airline.

Elevate your business with our Payment Orchestration Platform. Streamline operations, access global providers, and optimise processing times. Benefit from intelligent routing, fraud prevention, and real-time analytics. Request a demo to revolutionise your payment systems.