Recent Feature Articles

Aug 2021

Ten Days

by in Feature Articles on

Steffen is the tech lead for an online shop. It's the kind of online shop that sell items with large enough prices that financing is an important function. They offer loans through a payment provider, and the payment provider handles all of the details.

Anything relating to finance is complicated, and loans can get very complicated, especially these shorter-term loans. Generating a payment plan for a customer's order means creating a list of all the expected monthly installments, including the due dates, the remaining principal on the loan after the payment, how much goes to principal repayment, how much goes to interest, and the new balance of the loan after interest is added. It's a lot of information, and it's information that the payment provider can provide.