Digital payment is becoming ubiquitous. They are
originating from a wide variety of sources, and channels.
The corporates have also joined the digital payments
bandwagon-however not all of their payment instructions
are synergistic with their primary bank’s payments
technology landscape. Therein lies an opportunity for banks
– serve their customers across varied segments, through a
comprehensive payments solution that enables better
compatibility, and seamless orchestration of payment
processes from a wide variety of sources. Here, a
comprehensive payment order management solution-a
set of systematic processes and orchestration that aims to
manage the capturing and processing of a payment
transaction-is gaining immense prominence. This paper
deals with the various modules of payment order
management suite, and its role in progressive renovation of
the legacy payment systems at great detail.