Scribd
Upload
203 views6 pages

Payment Gateway

A payment gateway is software that connects a merchant's website to payment processors, allowing transactions to be authorized and settled. It transmits transaction data for credit cards, net banking, cash cards, and mobile payments. Payment gateways provide secure transactions, ease of use for basic users without training, and rapid deployment without long setup times. They offer customizable security and payment features. However, they also carry risks like exposing sensitive customer information, technical glitches causing delays, customer unease, and fixed fees per transaction. Security vulnerabilities can lead to fraud and identity theft losses.

Uploaded by

Aashish bhatt
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
203 views6 pages

Payment Gateway

A payment gateway is software that connects a merchant's website to payment processors, allowing transactions to be authorized and settled. It transmits transaction data for credit cards, net banking, cash cards, and mobile payments. Payment gateways provide secure transactions, ease of use for basic users without training, and rapid deployment without long setup times. They offer customizable security and payment features. However, they also carry risks like exposing sensitive customer information, technical glitches causing delays, customer unease, and fixed fees per transaction. Security vulnerabilities can lead to fraud and identity theft losses.

Uploaded by

Aashish bhatt
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
You are on page 1/ 6

INTRODUCTION

A payment gateway is a software


program integrated to merchant’s
website to transmit transaction data to:
Credit Card
Net Banking
Cash Card
Mobile Payment
acquirer for authorisation and settlement
Advantages of Payment Gateway
• SECURE TRANSACTIONS
A payment gateway checks and validates online
transactions. It protects merchants and
customers from flagrant instances of fraud.
• EASE OF USE
Anyone with basic Knowledge can perform
business transactions using payment gateways.
No need to go through any costly training or
learn elaborate setup.
• RAPID DEPLOYMENT
A merchant can immediately utilize complete the
payment gateway service for his/her online
store.He need not wait for agonizing time to
complete the payment gateway setup in his
business.
• FEATURE-RICH
Internet payment gateways offer lots of
customizable features that could greatly benefit
merchants and customers alike.There are security
features, payment choices etc.
Disadvantages of Payment Gateway

• RISK ON SENSITIVE INFORMATION


• ANY TECHNICAL GLITCH CAN TAKE
CONSIDERABLE TROUBLESHOOTING TIME
• CUSTOMER UNEASINESS
• FIXED AMOUNT PER TRANSACTION
List of some Payment Gateways
Some security issues
Vulnerabilities…. ……leading to losses
• Authentication is a • An estimated 2.8B USD
challenge was lost to online fraud
• Hackers can break into in the U.S. and Canada
merchant network in 2005
• Hackers can also steal
customer identities

You might also like