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Quarterly Journal of Emerging Technologies and Innovations

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Published

2019-03-04

Issue

Vol. 4 No. 3 (2019): QJETI-MARCH-2019

Section

Articles

How to Cite

Agrawal, S. (2019). Payment Orchestration Platforms: Achieving Streamlined Multi-Channel Payment Integrations and Addressing Technical Challenges. Quarterly Journal of Emerging Technologies and Innovations, 4(3), 1–19. Retrieved from https://vectoral.org/index.php/QJETI/article/view/98

Payment Orchestration Platforms: Achieving Streamlined Multi-Channel Payment Integrations and Addressing Technical Challenges

Shobhit Agrawal

Sr. Staff Software Engineer in Visa Inc Bothell, WA, USA

https://orcid.org/0009-0000-4957-5575

Keywords: Payment orchestration platforms, Multi-channel payment integrations, Technical challenges, Streamlined integration, Unified interface

Abstract

Payment orchestration platforms is a contemporary solution to streamline the integration of multiple payment channels, gateways, and service providers. This research explores how these platforms achieve a unified interface and infrastructure for managing various payment methods, as well as the technical challenges they face in the process. The first objective of this research is to investigate the technical details of how payment orchestration platforms achieve streamlined multi-channel payment integrations. This includes examining key components such as API integration, intelligent routing and switching algorithms, centralized configuration management, tokenization and vault management for security, fraud detection and risk management, reconciliation and reporting capabilities, and extensibility and customization options. These technical capabilities are leveraged by payment orchestration platforms, enabling businesses to simplify their payment integration process, optimize transaction success rates, and gain centralized control over their payment infrastructure. The second objective of this research is to identify and analyze the technical challenges associated with implementing a payment orchestration platform. These challenges encompass various aspects, including handling diverse API specifications and protocols, designing efficient routing algorithms, ensuring secure tokenization and vault management, developing accurate fraud detection models, managing data inconsistencies and discrepancies in reconciliation, and enabling seamless extensibility and customization. This research argued that addressing these challenges requires a well-architected platform that prioritizes security, scalability, flexibility, and robustness while adhering to industry standards and regulations. To achieve these objectives, this research conducts an analysis of the technical intricacies involved in payment orchestration platforms. It examines best practices, architectural decisions, and strategies for overcoming the identified challenges. This finding of the study contributes to the advancement of payment technology and empowers businesses.

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Submission Guidelines for the Journal of Quarterly Journal of Emerging Technologies and Innovations (QJETI) General Guidelines:

  1. Article Types: We accept a variety of article types including Original Research Articles, Review Papers, Short Reports, and Opinion Pieces.

  2. Language: Manuscripts must be written in English, and should be clear, concise, and free of jargon.

  3. Length: There is no strict word limit, but Original Research Articles should generally be between 4,000 and 10,000 words, including references.

  4. Formatting: Manuscripts should be submitted as a single Word or LaTeX document, formatted in double-spaced 12-point font.

  5. Abstract: An abstract of 250-300 words is required for all submissions, summarizing the key objectives, methods, findings, and implications of the research.

Manuscript Structure:

  • Title Page: Must include the title, author names, affiliations, and contact information for the corresponding author.

  • Introduction: Provide background, state the problem, and outline objectives.

  • Methods: Detail the methods and tools used in your research.

  • Results: Present the findings of your study.

  • Discussion: Interpret results, discuss their impact, and suggest future research directions.

  • Conclusion: Summarize the main points of the paper.

  • References: Citations should be formatted according to the IEEE/APA style.

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Authors must ensure that their research adheres to ethical standards and that informed consent has been obtained for any human or animal subjects involved.

Plagiarism:

The Journal of Computational Social Dynamics uses plagiarism detection software. Any manuscript found to include plagiarized content will be rejected.

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All submissions undergo a double-blind peer review process. Authors can expect initial feedback within six to eight weeks.

Submission Process:
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For any questions or concerns, please contact the editorial office at editorial@vectoral.org. Thank you for considering QJETI as a venue for your research.

Published by Vectoral Publishing, the Quarterly Journal of Emerging Technologies and Innovations maintains high standards in peer-review and scientific inquiry. Authors who wish to submit manuscripts should adhere to the guidelines detailed on our website, www.vectoral.org/QJETI. Vectoral Publishing does not bear any responsibility for the accuracy of information or for any outcomes related to the use of the research published. For editorial correspondence and submissions, please reach out to editorial@vectoral.org.

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