Exploring the Complexity of the Payments Ecosystem: Part 1

In this introductory session, we will delve into the historical rise of digital commerce, from the days of mail and telephone orders to the emergence of global e-commerce giants like Amazon and eBay. We'll explore pivotal developments that have shaped online transactions, including the introduction of crucial security standards like SSL and PCI, and the evolution of technology that has led to the widespread adoption of EMV chips and digital wallets.

Participants will gain insights into the key components of the payment ecosystem, including the roles and responsibilities of consumers, merchants, issuing and acquiring banks, payment gateways, and card networks. We will also explore the evolving journey of a card transaction, highlighting how the increasing sophistication of merchant payment needs adds layers of complexity to this process.

This webinar is essential for anyone looking to understand the fundamentals of e-commerce and the payment mechanisms that support it, setting the stage for deeper dives into open payment platforms in subsequent sessions.

Building on this foundation, Exploring the Complexity of the Payments Ecosystem: Part 2 takes a deeper dive into how businesses can navigate payment complexities through agile workflows. Come back for Part 2 as we will explore vaulting, tokenization, payment method optimization, and transaction recovery strategies—key elements for improving authorization rates and creating a seamless checkout experience.

Learning Objectives:

• Trace the Historical Evolution of Digital Payments
• Identify Key Participants of the Payment Ecosystem
• Explore the Journey of the Card Transaction and How it Has Evolved

This eLearning session will provide a brief history of Payments Orchestration and insights into how modern Payments Orchestration can be used by organizations to analyze and optimize payments in ways both new and traditional.

Learning Objectives:

• The core difference and definition of payments orchestration and payments optimization
• Strategies for elevating payment processes to take advantage of revenue optimization opportunities
• Real-world applications of Payments Orchestration for multiple industries and organization types

Join the next Payments Orchestration 201 e-Learning session here! 

Download the Payments Landscape Survey eBook