The payment processing includes the following components:
Adjusting the customer account balance (deducting for outgoing payments and adding for incoming payments).
Performing Anti-Money Laundering (AML) screening.
Handing over the payment to the settlement service provider.
Adjusting the nostro account balance (the balance of your account with your settlement service provider).
The picture below shows the high-level payment processing workflow for outgoing payments.
To choose the right configuration option with Tuum for payment processing, determine which tasks Tuum will handle and which will be managed by your payment processing application.
