Payment Gateway
Download as PPTX, PDF•3 likes•6,380 views
The document discusses payment gateways. It defines a payment gateway as an e-commerce service that authorizes payments for online retailers. It then describes how payment gateways work in 3 steps: (1) sensitive payment information is encrypted when submitted from the customer to the merchant's server and payment gateway; (2) the payment gateway passes the transaction details to the acquiring bank and issuing bank; (3) the banks process the transaction and send an encrypted response back to the customer via the payment gateway and merchant.
![Asif Hussain
• Project Manager & Lead Business Analyst
Sapphire Consulting Services
[www.sapphirecs.net]
http://pk.linkedin.com/in/asifhossain
Skype: aasifhussain
• Bahria University [BE, Computer]
• CBM (IoBM) [MBA, Marketing ]
• PMP & Oracle Siebel CRM Certified
• CRM , Online Stock Trading & Islamic Financial Consultant
Asif Hussain 2](https://image.slidesharecdn.com/paymentgateway-120120112836-phpapp02/85/Payment-Gateway-2-320.jpg)
Payment Gateway
- 1. Payment Gateway Asif Hussain Asif Hussain 1
- 2. Asif Hussain • Project Manager & Lead Business Analyst Sapphire Consulting Services [www.sapphirecs.net] http://pk.linkedin.com/in/asifhossain Skype: aasifhussain • Bahria University [BE, Computer] • CBM (IoBM) [MBA, Marketing ] • PMP & Oracle Siebel CRM Certified • CRM , Online Stock Trading & Islamic Financial Consultant Asif Hussain 2
- 3. Payment Gateway • What is Payment Gateway? • How Payment Gateway works. Asif Hussain 3
- 4. What is Payment Gateway • Payment Gateway refers to an E-commerce service that authorizes payments for E- business & online retailers. • Payment gateways encrypt sensitive information, such as credit card numbers, to ensure that information passes securely between the customer and the Asif Hussain 4
- 5. How Payment Gateway works? • Merchant's web server in encrypted format. This is usually done via SSL (Secure Socket Layer) encryption. • The transactions details are then forwarded to the concerned Payment Gateway. • The transaction information is then passed on to the merchants acquiring bank by the Payment Gateway. Asif Hussain 5
- 6. How Payment Gateway works? • Merchants acquiring bank then forwards the transaction information to the issuing bank. • Bank sends a response back to the Payment Gateway. • The response is then forwarded by the Payment Gateway to the merchants server. • Encrypted response is relayed back to the customer. Asif Hussain 6
- 7. How Payment Gateway works? Asif Hussain 7
- 8. Some Payment Gateways Asif Hussain 8
- 9. Q A Asif Hussain 9