External payment processors are third-party services, such as Stripe or Adyen, that Raytio connects to for payment capture and processing. FXM keeps the processor configuration separate from the credentials used to connect to it, so credentials can be rotated without changing the processor itself.
Funds account transactions record individual financial movements on an account. This is the most detailed entity in the FXM module, capturing transaction amounts, currency conversions, ISO 20022 categorisation codes, card instrument details, and a running balance snapshot.
Funds accounts represent financial accounts retrieved from account servicing providers (banks, neobanks, payment institutions) via account information services. The FXM module models accounts with their balances, associated parties, statuses, and access consents, following Open Banking patterns for account data representation.
Raytio's Funds Transfer Management (FXM) capability manages payment processing, externally connected funds accounts, and account transaction information within the platform.
Funds Transfer Management (FXM) manages payment processing, externally connected funds accounts, balances, and transaction information within the Raytio platform.
Payer payment methods record the payment instruments (cards, direct debits, wallets, EFT) that customers have registered for use with external payment processors. The design supports modern payment processor integrations with tokenised card storage and fraud-monitoring data.