Corefy Transforms Business Payment Routing with Real-Time Optimization
Corefy, a leading payment orchestration platform, is transforming the way businesses manage their payment routing. By enabling connections with multiple providers and offering flexible routing schemes, Corefy helps businesses optimize their payment strategies in real-time.
Payment routing, the process of determining the most effective transaction path, considers various factors like card type, issuing bank, currency, transaction amount, customer location, and past provider performance. Corefy's platform excels in this area, allowing businesses to maximize approval rates, minimize costs, ensure fast transactions, and maintain system reliability.
To achieve this, Corefy employs top optimization strategies such as optimizing by fees, conversions, balances, weightings, and turnover volumes. By embracing data-driven routing and orchestration, businesses can grow sustainably and stay resilient. Continuous measurement, analysis, and refinement of routing rules are key to maximizing performance.
Corefy's platform is trusted by global brands like Sony, SHEIN, Wise, Patreon, and GE Healthcare. It offers flexible payment routing that can be tailored to specific business needs. Moreover, developing a payment gateway with payment routing capabilities can make the solution more competitive.
Effective payment routing can significantly impact a business's bottom line. By reducing costs, boosting conversion rates, and managing risk, it can lead to substantial savings and increased revenue. Corefy's platform combines optimization strategies to create a more adaptable and efficient payment routing setup, helping businesses thrive in the competitive market.
