Comprehensive Overview of Payment System Architecture and Core Processes

This article provides a detailed overview of payment system architecture, covering functional modules, core payment, refund, reconciliation, and settlement workflows, as well as design considerations such as gateway integration, routing, risk assessment, asynchronous processing, and transaction logging for robust backend development.

Payment ArchitectureReconciliationgateway integration

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Comprehensive Overview of Payment System Architecture and Core Processes

21CTO

May 3, 2017 · Blockchain

How Blockchain Can Transform Multi‑Party Trust and Microservice Architecture

This article explains how blockchain, originating from Bitcoin, serves as a distributed ledger that reduces trust costs in complex multi‑party business scenarios, outlines public, private and consortium chain models, and details how a dedicated blockchain gateway integrates seamlessly with microservice architectures for reliable communication, event handling, data consistency and reconciliation.

BlockchainMicroservicesconsortium chain

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How Blockchain Can Transform Multi‑Party Trust and Microservice Architecture