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A typical payment processing procedure involves multiple parties, including the merchant, customer, payment processor, payment gateway, issuing bank, acquiring bank, and card networks. The processor facilitates the transaction by communicating with the payment gateway, issuing bank, and acquiring bank.
Multi-Provider Integration: Payment orchestrators integrate with multiple payment service providers (PSPs), gateways, and acquiring banks, allowing merchants to access a broad range of payment methods and currencies. They also ensure compliance with industry standards like PCIDSS.
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