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Automated Payment Processing

Automated Payment Processing refers to systems and software that handle financial transactions electronically without manual intervention, typically integrating with payment gateways, banks, and accounting systems. It automates tasks like payment initiation, reconciliation, fraud detection, and reporting to streamline billing, invoicing, and subscription management for businesses.

Also known as: Payment Automation, Auto-Pay Systems, Electronic Payment Processing, Automated Billing, AP Automation

🧊Why learn Automated Payment Processing?

Developers should learn this to build scalable e-commerce platforms, subscription services, or fintech applications where handling payments efficiently and securely is critical. It's essential for reducing errors, ensuring compliance with regulations like PCI DSS, and improving customer experience through seamless checkout processes.