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Payment Factories

Payment Factories 

Datalog Finance

 

While there are many different interpretations of the term ‘payment factory’, it most generally refers to a central hub established by a company to control and manage the processing of its payment flows. Some payment factories operate full centralisation of both accounts payable processes and staff in a single location, while other companies set up a hub which is responsible only for the execution of payments to banking partners and is supported by decentralised accounts payable processes.