Payment Lifecycle Automation
The use of Finite State Machines (FSM) to strictly enforce valid transitions for a payment from initiation to settlement and reconciliation.
Key Details
- Uses Finite State Machines (FSM) to enforce valid payment state transitions — e.g., a payment can move from authorized to captured but not from refunded to authorized
- Automates the complete payment lifecycle: initiation, authorization, capture, settlement, reconciliation, and exception handling
- Reduces manual intervention by automatically handling retries for failed transactions, routing to fallback processors, and escalating exceptions
- State machine approach prevents impossible states and ensures every payment has a deterministic, auditable path from initiation to resolution
- Integration with reconciliation ensures each lifecycle stage is matched against external records in real-time