Payment Processing Flow

How payments are processed using the Smart Router Engine.

This diagram illustrates the sequence of transactions initiated on any platform, like an e-commerce website, and follows through to the final processing by the bank. The steps include:

1-Transaction Initiation

Starts from an external channel, like an e-commerce site.

2-Smart Router

Upon receiving a transaction, the Smart Router assesses various criteria to select the most suitable payment gateway (PG) based on pre-configured rules.

• Recommended Routing Process:

1. Database of MIDs: Repository where Merchant Identification Numbers (MIDs) are stored for transaction processing.

2. Strategy (1) Multi-Selection: Allows selecting multiple MIDs simultaneously for efficiency.

3. Strategy (2) Single/Multiple Selection: Selection of either one or multiple MIDs. Depending on the choice:

   • Multiple MIDs lead to a repeated selection process.

   • A single MID moves directly to the final step (6).

4. Repetition of Multiple Selection Process (n-1) Times: If multiple MIDs are selected, this iterative process repeatedly refines the choices. Each iteration assesses the MIDs against the configured Strategy, narrowing down the selection.

5. Strategy (n) Single Selection: Finalizes the selection to one MID, ensuring it fits the transaction requirement.

6. Pass the Selected MID: The chosen MID is forwarded to the transaction processing system to complete the transaction.

3-Payment Gateway

The Smart Router directs the transaction to the chosen PG.

4-Bank Processing

The selected PG then processes the payment by forwarding it to the associated bank.