Comprehensive Insights on Payment Orchestration for Modern Retailers
Transaction Network Services (TNS), alongside Flagship Advisory Partners, has introduced a detailed report titled A Guide to Payment Orchestration: Managing Complexity in In-Person and Online Payments. Designed to address the challenges faced by unattended merchants, as well as fuel and convenience retailers, this report highlights strategies to streamline payment systems and meet evolving consumer demands.
The report provides detailed market analysis, uncovers key trends, and offers actionable solutions to improve payment ecosystems for retailers operating in a competitive, technology-driven landscape.
Complex Challenges in Payment Ecosystems
Today’s payment systems are more complex than ever, with businesses managing both in-person and online transactions. Unattended merchants, in particular, must navigate shifting consumer expectations, increasing regulatory pressures, and rapidly advancing technology. These dynamics create challenges that can slow operations, increase costs, and complicate compliance.
According to John Tait, Global Managing Director of TNS Payments Market: ”A significant 76% of enterprise merchants rely on orchestration services to manage their payment stack effectively. This demonstrates the growing importance of flexible-vendor solutions, especially for unattended payments. Our new report offers actionable insights into how businesses can leverage payment orchestration to enhance operations and meet customer needs.”
How Payment Orchestration Makes a Difference
Payment orchestration simplifies the integration and management of payment solutions, allowing retailers to operate more efficiently. By consolidating multiple payment methods into a single system, businesses can reduce vendor reliance, minimise regulatory risks, and enhance scalability.
Key benefits outlined in the report include:
- Access to alternative payment methods (APMs), empowering customers with more choices.
- Improved conversion rates and acceptance through multi-acquirer strategies.
- Enhanced fraud prevention measures, ensuring secure transactions.
- Optimised payment routing, lowering operational costs while boosting customer satisfaction.
These features are especially significant for verticals such as unattended merchants, fuel retailers, and convenience stores, where operational efficiency is critical.
TNS’ Complete Commerce Offering
At the heart of TNS’ solutions is Complete Commerce, a modern and secure payment system that integrates various payment options through a cloud-native platform. With a single API, businesses can seamlessly handle attended, unattended, and online transactions, delivering a unified omnichannel experience.
TNS differentiates itself from competitors by leveraging its proprietary core network, built specifically for the payments industry. Unlike other providers that depend on third-party connectivity, TNS ensures secure, reliable, and fast transactions through its purpose-built infrastructure.
Driving the Future of Payments
As consumer behaviours continue to evolve, businesses must stay ahead by adopting innovative solutions like payment orchestration. TNS, with its global expertise, remains a trusted partner in helping businesses navigate these complexities. This report is a valuable resource for enterprise merchants seeking to enhance payment processes and optimise operations in an increasingly demanding market.
By addressing the key challenges of modern payment ecosystems, TNS and Flagship Advisory Partners provide retailers with the tools to grow, adapt, and succeed.