w2bill Payments Description
w2bill Payments handles the request for funds, tracks its time-live, handles the rejection and acceptance responses, and reconciles information with the infrastructure's system, regardless of their roles. Supporting and enabling real-time payment request, cancellation, confirmation, and rejection. Processing and generating offline files: Files are received from financial institutions or sent to them. Real-time communication models: Synchronous and asynchronous. New payment channels (different protocols). Fault Tolerance: Designed through component clustering. There is no central point of failure. Inter-component communication via messaging: to at-least once delivery assurance "Stored credentials" result in fierce competition among fintech startups, credit cards providers, and other payment handlers. Players want a frictionless and real-time payment experience.