Check out this article in PaymentsNEXT from BHMI CTO, Michael Meeks, about maximizing agility and automation with rules-based payment processing software.

In this article, Michael explains how legacy payment processing systems have been a stable infrastructure for years, but they don’t work well in today’s fast-paced environment. These systems burden employees with manual tasks, create organization-wide inefficiencies, and often require expensive and time-consuming code revisions.

On the other hand, rules-based systems use configurable business rules to make decisions. Users can configure rules that specify what action should be taken under what circumstances. These rules allow the software to process complex information without extensive programming algorithms. Also, due to their architecture and extensible data, they are well-suited to complement a wide range of artificial intelligence use cases.

The interest in configurable rules-based systems within the payments industry is increasing because of the need for agile payment operations. Micheal offers some insights on what companies should consider when considering rules-based software.