Smart Router and Routing Strategy
Smart router definition & key features, and routing strategy.
What is Smart Router Engine?
An advanced feature in Ottu's online payment management systems that optimizes payment transactions by intelligently routing them through the most suitable payment gateway. It uses predefined strategies to dynamically select the best path, reducing transaction costs, improving success rates, and enhancing overall operational efficiency.
A set of rules or criteria that guide the Smart Router Engine in selecting the most appropriate payment gateway. These strategies ensure that transactions are routed through the optimal path, maximizing efficiency and performance in payment processing.
Strategies types:
Multi-selection strategies allow for selecting among several potential MIDs based on preset criteria, expanding the pool of possibilities for the routing decision.
Single-selection strategies narrow the choices to the most suitable single MID, making the final routing decision straightforward and decisive.
Strategies Methods:
Exclude Unavailable Strategy (Multi Selection):
Error Event Threshold: Triggers blacklisting based on recent error counts.
Blacklist Duration: Options include specific hours or until midnight.
Expiration: Specifies the blackout duration in hours.
Transaction Size Strategy (Multi Selection):
Minimum Amount: Defines the lowest transaction amount acceptable per PGMID.
Maximum Amount: Caps the highest transaction amount per PGMID.
Round Robin (Single Selection):
This strategy ensures that transactions are evenly distributed across available Payment Gateways by cycling through them in order, giving each gateway equal opportunity to handle transactions.
Fallback (Single Selection):
This strategy acts as a safety net, where transactions are automatically routed to a backup Payment Gateway if the primary options are unavailable or fail.
Dynamic Routing: Smart Router assesses each transaction on multiple criteria, choosing the optimal path for processing based on pre-set rules.
Easy Configuration: Configurable directly from the Admin Panel with options to activate, set identifiers, and choose strategies pertinent to business needs.
Routing Strategies: The Smart Router follows a variety of strategic methods and types to determine the most efficient path for processing transactions, ensuring both reliability and cost-effectiveness.
Multi-Channel Support: Supports a variety of payment channels, such as e-commerce transaction & payment request. Selecting from available channels can be performed here.